Name	Symbol	Market	Type
Affinity World Leaders Equity ETF	AMEX:WLDR	AMEX	Exchange Traded Fund

	Price Change	% Change	Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.13	0.42%	31.21	31.55	31.0201	31.55	970	21:15:00

Annual Report for Registered Investment Companies (n-cen)

13/02/2020 9:14pm

Edgar (US Regulatory)

schemaVersion: X0201

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

Form N-CEN Filer Information

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CEN
ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES

OMB APPROVAL

Form N-CEN

OMB Number: 3235-0729

Estimated average burden hours per response: 19.04

N-CEN:Series/Class (Contract) Information

All?

N-CEN:Part A: General Information

Item A.1. Reporting period covered.

a. Report for period ending:	2019-11-30
b. Does this report cover a period of less than 12 months?	Yes X No

N-CEN:Part B: Information About the Registrant

Item B.1. Background information.

a. Full name of Registrant	Northern Lights Fund Trust IV
b. Investment Company Act file number ( e.g., 811-)	811-23066
c. CIK	0001644419
d. LEI	549300UIBIHXQ3PDEC28

Item B.2. Address and telephone number of Registrant.

a. Street 1	225 Pictoria Drive, Suite 450
Street 2
b. City	Cincinnati
c. State, if applicable	OHIO
d. Foreign country, if applicable	UNITED STATES OF AMERICA
e. Zip code and zip code extension, or foreign postal code	45246
f. Telephone number (including country code if foreign)	631-470-2600
g. Public Website, if any	https://www.ultimusfundsolutions.com/

Item B.3. Location of books and records.

Instruction. Provide the requested information for each person maintaining physical possession of each account, book, or other document required to be maintained by section 31(a) of the Act (15 U.S.C. 80a-30(a)) and the rules under that section.

Location books Record: 1
a. Name of person (e.g., a custodian of records)	Gemini Fund Services, LLC
b. Street 1	4221 North 203rd Street,
Street 2	Suite 100
c. City	Elkhorn
d. State, if applicable	NEBRASKA
e. Foreign country, if applicable	UNITED STATES OF AMERICA
f. Zip code and zip code extension, or foreign postal code	68022
g. Telephone number (including country code if foreign)	402-509-1066
h. Briefly describe the books and records kept at this location:	Fund Accounting and Transfer Agents Records

Item B.4. Initial of final filings.

Instruction. Respond "yes" to Item B.4.b only if the Registrant has filed an application to deregister or will file an application to deregister before its next required filing on this form.

a. Is this the first filing on this form by the Registrant?	Yes X No
b. Is this the last filing on this form by the Registrant?	Yes X No

Item B.5. Family of investment companies.

Instruction. "Family of investment companies" means, except for insurance company separate accounts, any two or more registered investment companies that (i) share the same investment adviser or principal underwriter; and (ii) hold themselves out to investors as related companies for purposes of investment and investor services.In responding to this item, all Registrants in the family of investment companies should report the name of the family of investment companies identically.

Insurance company separate accounts that may not hold themselves out to investors as related companies (products) for purposes of investment and investor services should consider themselves part of the same family if the operational or accounting or control systems under which these entities function are substantially similar.

a. Is the Registrant part of a family of investment companies?

Yes X No

Item B.6. Organization.

Instruction. For Item B.6.a.i., the Registrant should include all Series that have been established by the Registrant and have shares outstanding (other than shares issued in connection with an initial investment to satisfy section 14(a) of the Act).

Indicate the classification of the Registrant by checking the applicable item below.

X a. Open-end management investment company registered under the Act on Form N-1A
b. Closed-end management investment company registered under the Act on Form N-2
c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3
d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4
e. Small business investment company registered under the Act on Form N-5
f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6
g. Unit investment trust registered under the Act on Form N-8B-2

i. Total number of Series of the Registrant	18
ii. If a Series of the Registrant with a fiscal year end covered by the report was terminated during the reporting period, provide the following information:
Terminated Organization Record: 1
i. Name of the Series	IQ-Striquer Fund
ii. Series identification number	S000059240
iii. Date of termination (month/year)	05/2019
ii. If a Series of the Registrant with a fiscal year end covered by the report was terminated during the reporting period, provide the following information:
Terminated Organization Record: 2
i. Name of the Series	QuantX Dynamic Beta US Equity ETF
ii. Series identification number	S000055667
iii. Date of termination (month/year)	05/2019
ii. If a Series of the Registrant with a fiscal year end covered by the report was terminated during the reporting period, provide the following information:
Terminated Organization Record: 3
i. Name of the Series	QuantX Risk Managed Multi-Asset Total Return ETF
ii. Series identification number	S000055665
iii. Date of termination (month/year)	05/2019
ii. If a Series of the Registrant with a fiscal year end covered by the report was terminated during the reporting period, provide the following information:
Terminated Organization Record: 4
i. Name of the Series	QuantX Risk Managed Growth ETF
ii. Series identification number	S000055663
iii. Date of termination (month/year)	05/2019
ii. If a Series of the Registrant with a fiscal year end covered by the report was terminated during the reporting period, provide the following information:
Terminated Organization Record: 5
i. Name of the Series	Measured Risk Stategy Fund
ii. Series identification number	S000052165
iii. Date of termination (month/year)	11/2019

Item B.7. Securities Act registration.

Is the Registrant the issuer of a class of securities registered under the Securities Act of 1933 ("Securities Act")?

X Yes No

Item B.8. Directors.

Provide the information requested below about each person serving as director of the Registrant (management investment companies only):

Director Record: 1
a. Full Name	Thomas Sarkany
b. CRD number, if any	N/A
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes X No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-22638
File Number Record: 2
File Number Record:	811-22624
File Number Record: 3
File Number Record:	811-22549
Director Record: 2
a. Full Name	Joseph Breslin
b. CRD number, if any	N/A
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes X No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-22865
File Number Record: 2
File Number Record:	811-09303
Director Record: 3
a. Full Name	Charles Ranson
b. CRD number, if any	N/A
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes X No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-22756

Item B.9. Chief compliance officer.

Provide the information requested below about each person serving as chief compliance officer of the Registrant for purposes of rule 38a-1 (17 CFR 270.38a- 1):

Chief compliance officer Record: 1
a. Full Name	James Ash
b. CRD Number, if any	N/A
c. Street Address 1	4221 North 203rd Street
Street Address 2	Suite 100
d. City	Elkhorn
e. State, if applicable	NEBRASKA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Zip code and zip code extension, or foreign postal code	68022
h. Telephone number (including country code if foreign)	XXXXXX
i. Has the chief compliance officer changed since the last filing?	Yes X No

If the chief compliance officer is compensated or employed by any person other than the Registrant, or an affiliated person of the Registrant, for providing chief compliance officer services, provide:

CCO employer Record: 1
i. Name of the person	N/A
ii. Person's IRS Employer Identification Number	N/A

Item B.10. Matters for security holder vote.

Instruction. Registrants registered on Forms N-3, N-4 or N-6, should respond "yes" to this Item only if security holder votes were solicited on contract-level matters.

Were any matters submitted by the Registrant for its security holders' vote during the reporting period?

Yes X No

Item B.11. Legal proceeding.

Instruction. For purposes of this Item, the following proceedings should be described: (1) any bankruptcy, receivership or similar proceeding with respect to the Registrant or any of its significant subsidiaries; (2) any proceeding to which any director, officer or other affiliated person of the Registrant is a party adverse to the Registrant or any of its subsidiaries; and (3) any proceeding involving the revocation or suspension of the right of the Registrant to sell securities.

a. Have there been any material legal proceedings, other than routine litigation incidental to the business, to which the Registrant or any of its subsidiaries was a party or of which any of their property was the subject during the reporting period?

Yes X No

b. Has any proceeding previously reported been terminated?

Yes X No

Item B.12. Fidelity bond and insurance (management investment companies only).

a. Were any claims with respect to the Registrant filed under a fidelity bond (including, but not limited to, the fidelity insuring agreement of the bond) during the reporting period?

Yes X No

Item B.13. Directors and officers/errors and omissions insurance (management investment companies only).

a. Are the Registrant's officers or directors covered in their capacities as officers or directors under any directors and officers/errors and omissions insurance policy owned by the Registrant or anyone else?	X Yes No
i. If yes, were any claims filed under the policy during the reporting period with respect to the Registrant?	Yes X No

Item B.14. Provision of financial support.

Instruction. For purposes of this Item, a provision of financial support includes any (1) capital contribution, (2) purchase of a security from a Money Market Fund in reliance on rule 17a-9 under the Act (17 CFR 270.17a-9), (3) purchase of any defaulted or devalued security at fair value reasonably intended to increase or stabilize the value or liquidity of the Registrant's portfolio, (4) execution of letter of credit or letter of indemnity, (5) capital support agreement (whether or not the Registrant ultimately received support), (6) performance guarantee, or (7) other similar action reasonably intended to increase or stabilize the value or liquidity of the Registrant's portfolio. Provision of financial support does not include any (1) routine waiver of fees or reimbursement of Registrant's expenses, (2) routine inter-fund lending, (3) routine inter-fund purchases of Registrant's shares, or (4) action that would qualify as financial support as defined above, that the board of directors has otherwise determined not to be reasonably intended to increase or stabilize the value or liquidity of the Registrant's portfolio.

Did an affiliated person, promoter, or principal underwriter of the Registrant, or an affiliated person of such a person, provide any form of financial support to the Registrant during the reporting period?

Yes X No

Item B.15. Exemptive orders.

a. During the reporting period, did the Registrant rely on any orders from the Commission granting an exemption from one or more provisions of the Act, Securities Act or Exchange Act?	X Yes No
Release number Record: 1
i. If yes, provide below the release number for each order	IC-32835
Release number Record: 2
i. If yes, provide below the release number for each order	IC-32686
Release number Record: 3
i. If yes, provide below the release number for each order	IC-32404

Item B.16. Principal underwriters.

a. Provide the information requested below about each principal underwriter:

Principal underwriter Record: 1
i. Full name	Northern Lights Distributors, LLC
ii. SEC file number (e.g., 8-)	8-065857
iii. CRD number	000126159
iv. LEI, if any	N/A
v. State, if applicable	NEBRASKA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Is the principal underwriter an affiliated person of the Registrant, or its investment adviser(s) or depositor?	X Yes No
Principal underwriter Record: 2
i. Full name	Foreside Fund Services, LLC
ii. SEC file number (e.g., 8-)	8-68027
iii. CRD number	000148477
iv. LEI, if any	N/A
v. State, if applicable	MAINE
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Is the principal underwriter an affiliated person of the Registrant, or its investment adviser(s) or depositor?	X Yes No
b. Have any principal underwriters been hired or terminated during the reporting period?	Yes X No

Item B.17. Independent public accountant.

Provide the following information about eachthe independent public accountant:

Public accountant Record: 1
a. Full Name	BBD, LLP
b. PCAOB Number	552
c. LEI, if any	N/A
d. State, if applicable	PENNSYLVANIA
e. Foreign country, if applicable	UNITED STATES OF AMERICA
Public accountant Record: 2
a. Full Name	Cohen & Co.
b. PCAOB Number	925
c. LEI, if any	N/A
d. State, if applicable	OHIO
e. Foreign country, if applicable	UNITED STATES OF AMERICA

f. Has the independent public accountant changed since the last filing?

Yes X No

Item B.18. Report on internal control (management investment companies only).

Instruction. Small business investment companies are not required to respond to this item.

For the reporting period, did an independent public accountant's report on internal control note any material weaknesses?

Yes X No

Item B.19. Audit opinion.

For the reporting period, did an independent public accountant issue an opinion other than an unqualified opinion with respect to its audit of the Registrant's financial statements?

Yes X No

Item B.20. Change in valuation methods.

Instruction. Responses to this item need not include changes to valuation techniques used for individual securities (e.g., changing from market approach to income approach for a private equity security). In responding to Item B.20.c., provide the applicable "asset type" category specified in Item C.4.a. of Form N-PORT. In responding to Item B.20.d., provide a brief description of the type of investments involved. If the change in valuation methods applies only to certain sub-asset types included in the response to Item B.20.c., please provide the sub-asset types in the response to Item B.20.d. The responses to Item B.20.c. and Item B.20.d. should be identical only if the change in valuation methods applies to all assets within that category.

Have there been material changes in the method of valuation (e.g., change from use of bid price to mid price for fixed income securities or change in trigger threshold for use of fair value factors on international equity securities) of the Registrant's assets during the reporting period?

Yes X No

Item B.21. Change in accounting principles and practices.

Have there been any changes in accounting principles or practices, or any change in the method of applying any such accounting principles or practices, which will materially affect the financial statements filed or to be filed for the current year with the Commission and which has not been previously reported?

Yes X No

Item B.22. Net asset value error corrections (open-end management investment companies only).

a. During the reporting period, were any payments made to shareholders or shareholder accounts reprocessed as a result of an error in calculating the Registrant's net asset value (or net asset value per share)?

Yes X No

Item B.23. Rule 19a-1 notice (management investment companies only).

During the reporting period, did the Registrant pay any dividend or make any distribution in the nature of a dividend payment, required to be accompanied by a written statement pursuant to section 19(a) of the Act (15 U.S.C. 80a-19(a)) and rule 19a-1 thereunder (17 CFR 270.19a-1)?

Yes X No

N-CEN:Part C: Additional Questions for Management Investment Companies

General Instruction.

Management investment companies that offer multiple series must complete Part C as to each series separately, even if some information is the same for two or more series. To begin this section or add an additional series(s), click on the bar labeled "Add a New Series" below.

Management Investment Record: 1

Item C.1. Background information.

a. Full Name of the Fund	Moerus Worldwide Value Fund
b. Series identication number, if any	S000053886
c. LEI	549300G1KOB3U67B5X63
d. Is this the first filing on this form by the Fund?	Yes X No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	2
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Moerus Worldwide Value Fund Institutional Class
ii. Class identification number, if any	C000169569
iii. Ticker symbol, if any	MOWIX
Shares Outstanding Record: 2
i. Full name of Class	Moerus Worldwide Value Fund Class N
ii. Class identification number, if any	C000169568
iii. Ticker symbol, if any	MOWNX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund
i. Exchange-Traded Fund
ii. Exchange-Traded Managed Fund
b. Index Fund

c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark
d. Interval Fund
e. Fund of Funds
f. Master-Feeder Fund
g. Money Market Fund
h. Target Date Fund
i. Underlying fund to a variable annuity or variable life insurance contract
X N/A

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes X No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes X No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes X No
b. Did the Fund lend any of its securities during the reporting period?	Yes X No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period?

Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):

i. Revenue sharing split
ii. Non-revenue sharing split (other than administrative fee)
iii. Administrative fee
iv. Cash collateral reinvestment fee
v. Indemnification fee
vi. Other
X N/A

f. Provide the monthly average of the value of portfolio securities on loan during the reporting period

0.00

g. Provide the net income from securities lending activities

0.00

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

a. Rule 10f-3 (17 CFR 270.10f-3)
b. Rule 12d1-1 (17 CFR 270.12d1-1)
c. Rule 15a-4 (17 CFR 270.15a-4)
d. Rule 17a-6 (17 CFR 270.17a-6)
e. Rule 17a-7 (17 CFR 270.17a-7)
f. Rule 17a-8 (17 CFR 270.17a-8)
g. Rule 17e-1 (17 CFR 270.17e-1)
h. Rule 22d-1 (17 CFR 270.22d-1)
i. Rule 23c-1 (17 CFR 270.23c-1)
X j. Rule 32a-4 (17 CFR 270.32a-4)
N/A

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	X Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	X Yes No
c. Are the fees waived subject to recoupment?	X Yes No
d. Were any expenses previously waived recouped during the period?	Yes X No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Moerus Capital Management LLC
ii. SEC file number ( e.g., 801- )	801-107225
iii.CRD number	000282399
iv. LEI, if any	254900050TD7BGSBDM07
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes X No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Gemini Fund Services, LLC
ii.SEC file number ( e.g., 84- or 85- )	84-1964
iii. LEI, if any	N/A
iv. State, if applicable	NEBRASKA
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vii. Is the transfer agent a sub-transfer agent?	Yes X No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes X No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	N/A
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes X No

b. Was a pricing service hired or terminated during the reporting period?

Yes X No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the custodian a sub-custodian?	Yes X No
vii. With respect to the custodian, check below to indicate the type of custody:	X 1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes X No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	Gemini Fund Services, LLC
ii. LEI, if any, or provide and describe other identifying number	84-06083
Description of other identifying number	Filling Number
iii. State, if applicable	NEBRASKA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes X No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes X No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Gemini Fund Services, LLC
ii. LEI, if any, or other identifying number	N/A
Description of other identifying number	Filling Number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the administrator a sub-administrator?	Yes X No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes X No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

a. Full name
b. SEC file number
c. CRD number
d. LEI, if any
e. State, if applicable
f. Foreign country, if applicable
g. Total commissions paid to the affiliated broker-dealer for the reporting period:

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	Jefferies Group
ii. SEC file number	8-15074
iii. CRD number	000002347
iv. LEI, if any	NY9Q8VBNB6D1L6YV0J84
v. State, if applicable	DELAWARE
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1,650.35
Brokers Record: 2
i. Full name of broker	Peel Hunt Inc.
ii. SEC file number	8-68845
iii. CRD number	000157321
iv. LEI, if any	549300GM5MYK4SWM4B33
v. State, if applicable	DELAWARE
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2,007.13
Brokers Record: 3
i. Full name of broker	DBS Vickers Securities
ii. SEC file number	8-46837
iii. CRD number	000035691
iv. LEI, if any	549300OUTDVU0NBODN81
v. State, if applicable	DELAWARE
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1,003.61
Brokers Record: 4
i. Full name of broker	Mediobanca Securities
ii. SEC file number	8-67538
iii. CRD number	000143189
iv. LEI, if any	549300FV9LPF2H3NQO82
v. State, if applicable	DELAWARE
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1,649.09
Brokers Record: 5
i. Full name of broker	CM-CIC Market Solutions, Inc.
ii. SEC file number	8-51649
iii. CRD number	000047069
iv. LEI, if any	2549003DAILATLCBDJ67
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2,167.76
Brokers Record: 6
i. Full name of broker	Itau Unibanco Group
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	BZO2P8KHO2O10H5QQ663
v. State, if applicable
vi. Foreign country, if applicable	BRAZIL
vii. Gross commissions paid by the Fund for the reporting period	1,317.59
Brokers Record: 7
i. Full name of broker	CIBC World Markets
ii. SEC file number	8-1833
iii. CRD number	000000630
iv. LEI, if any	549300445CON3DBMU275
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2,054.27
Brokers Record: 8
i. Full name of broker	Redburn Partners
ii. SEC file number	8-67320
iii. CRD number	000140564
iv. LEI, if any	213800TYRTQILMQQLV79
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2,259.19
Brokers Record: 9
i. Full name of broker	Edelweiss Securities Ltd.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	3358002Y23HZBJW49C38
v. State, if applicable
vi. Foreign country, if applicable	INDIA
vii. Gross commissions paid by the Fund for the reporting period	2,354.52
Brokers Record: 10
i. Full name of broker	Eight Capital
ii. SEC file number	8-48886
iii. CRD number	000039759
iv. LEI, if any	549300FMB9DDG5HWNQ04
v. State, if applicable
vi. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
vii. Gross commissions paid by the Fund for the reporting period	3,418.8
b. Aggregate brokerage commissions paid by Fund during the reporting period:	24,833.07

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	Itau BBA USA Securities, Inc.
ii. SEC file number	8-53702
iii. CRD number	000118817
iv. LEI, if any	5493008E85XK12EKYI22
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	30,431.91
Principal Transactions Record: 2
i. Full name of dealer	BTG Pactual
ii. SEC file number	8-68148
iii. CRD number	000149486
iv. LEI, if any	549300EUEDL5GKQW8U35
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	49,524.72
Principal Transactions Record: 3
i. Full name of dealer	BNP Paribas
ii. SEC file number	8-32682
iii. CRD number	000015794
iv. LEI, if any	RCNB6OTYUAMMP879YW96
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	29,875.27

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

109,831.9

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes X No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period

47,571,456

b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes X No

b. Did the Fund engage in interfund lending?

Yes X No

c.Did the Fund engage in interfund borrowing?

Yes X No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?

Yes X No

Management Investment Record: 2

Item C.1. Background information.

a. Full Name of the Fund	Inspire International ESG ETF
b. Series identication number, if any	S000066581
c. LEI	54930018PPEXQLQ0LS23
d. Is this the first filing on this form by the Fund?	X Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	1
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Inspire International ESG ETF
ii. Class identification number, if any	C000214760
iii. Ticker symbol, if any	WWJD

Item C.3. Type of fund.

Indicate if the Fund is any one of the types listed below. Check all that apply.

a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund
i. X Exchange-Traded Fund
ii. Exchange-Traded Managed Fund
b. X Index Fund

i. Is the index whose performance the Fund tracks, constructed:
1. By an affiliated person of the fund?	X Yes No
2. Exclusively for the fund?	X Yes No

ii. Provide the annualized difference between the Fund's total return during the reporting period and the index's return during the reporting period (i.e., the Fund's total return less the index's return):
1. Before Fund fees and expenses:	2.58
2. After Fund fees and expenses (i.e., net asset value):	0.14

iii. Provide the annualized standard deviation of the daily difference between the Fund's total return and the index's return during the reporting period:
1. Before Fund fees and expenses:	2.44
2. After Fund fees and expenses (i.e., net asset value):	2.44

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes X No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes X No

Item C.6. Securities lending.

a. Is the Fund authorized to engage in securities lending transactions?	Yes X No
b. Did the Fund lend any of its securities during the reporting period?	Yes X No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period?

Yes No

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):

i. Revenue sharing split
ii. Non-revenue sharing split (other than administrative fee)
iii. Administrative fee
iv. Cash collateral reinvestment fee
v. Indemnification fee
vi. Other
X N/A

f. Provide the monthly average of the value of portfolio securities on loan during the reporting period

0.00

g. Provide the net income from securities lending activities

0.00

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

Item C.8. Expense limitations.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes X No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes X No
c. Are the fees waived subject to recoupment?	Yes X No
d. Were any expenses previously waived recouped during the period?	Yes X No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	CWM Advisors, LLC
ii. SEC file number ( e.g., 801- )	801-108947
iii.CRD number	000171988
iv. LEI, if any	N/A
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes X No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Brown Brothers Harriman & Co
ii.SEC file number ( e.g., 84- or 85- )	084-06072
iii. LEI, if any	5493006KMX1VFTPYPW14
iv. State, if applicable	NEW YORK
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vii. Is the transfer agent a sub-transfer agent?	Yes X No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes X No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	N/A
Description of other identifying number	N/A
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes X No

b. Was a pricing service hired or terminated during the reporting period?

Yes X No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	Brown Brothers Harriman & Co
ii. LEI, if any	5493006KMX1VFTPYPW14
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the custodian a sub-custodian?	Yes X No
vii. With respect to the custodian, check below to indicate the type of custody:	X 1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes X No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	Brown Brothers Harriman & Co
ii. LEI, if any, or provide and describe other identifying number	5493006KMX1VFTPYPW14
Description of other identifying number	LEI
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes X No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes X No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Gemini Fund Services, LLC
ii. LEI, if any, or other identifying number	N/A
Description of other identifying number	N/A
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the administrator a sub-administrator?	Yes X No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes X No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

a. Full name
b. SEC file number
c. CRD number
d. LEI, if any
e. State, if applicable
f. Foreign country, if applicable
g. Total commissions paid to the affiliated broker-dealer for the reporting period:

Item C.16. Brokers.

Brokers Record: 1
i. Full name of broker	MISCHLER FINANCIAL GROUP
ii. SEC file number	8-48067
iii. CRD number	000037818
iv. LEI, if any	2549004IPXPSM9EJFC92
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1,819.18
b. Aggregate brokerage commissions paid by Fund during the reporting period:	1,819.18

Item C.17. Principal transactions.

Principal Transactions Record: 1
i. Full name of dealer	CREDIT SUISSE
ii. SEC file number	8-422
iii. CRD number	000000816
iv. LEI, if any	1V8Y6QCX6YMJ2OELII46
v. State, if applicable	DELAWARE
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1,119,310.39
Principal Transactions Record: 2
i. Full name of dealer	JPMORGAN CHASE
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	5,580,152.83

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

6,699,463.22

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes X No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period

11,038,221.337377051

b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes X No

b. Did the Fund engage in interfund lending?

Yes X No

c.Did the Fund engage in interfund borrowing?

Yes X No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?

Yes No

Management Investment Record: 3

Item C.1. Background information.

a. Full Name of the Fund	Inspire Global Hope ETF
b. Series identication number, if any	S000056117
c. LEI	549300A1NMT2DJQAZV21
d. Is this the first filing on this form by the Fund?	Yes X No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	1
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Inspire Global Hope ETF
ii. Class identification number, if any	C000176729
iii. Ticker symbol, if any	BLES

Item C.3. Type of fund.

Indicate if the Fund is any one of the types listed below. Check all that apply.

i. Is the index whose performance the Fund tracks, constructed:
1. By an affiliated person of the fund?	X Yes No
2. Exclusively for the fund?	X Yes No

ii. Provide the annualized difference between the Fund's total return during the reporting period and the index's return during the reporting period (i.e., the Fund's total return less the index's return):
1. Before Fund fees and expenses:	-0.23
2. After Fund fees and expenses (i.e., net asset value):	-0.77

iii. Provide the annualized standard deviation of the daily difference between the Fund's total return and the index's return during the reporting period:
1. Before Fund fees and expenses:	0.54
2. After Fund fees and expenses (i.e., net asset value):	0.54

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes X No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes X No

Item C.6. Securities lending.

a. Is the Fund authorized to engage in securities lending transactions?	X Yes No
b. Did the Fund lend any of its securities during the reporting period?	X Yes No

i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:

1. The Fund (or its securities lending agent) liquidated collateral pledged to secure the loaned securities?	Yes X No
2. The Fund was otherwise adversely impacted?	Yes X No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

Securities Lending Record: 1
i. Full name of securities lending agent	Brown Brothers Harriman
ii. LEI, if any	5493006KMX1VFTPYPW14
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes X No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	X Yes No
v. If the entity providing the indemnification is not the securities lending agent, provide the following information:
Idemnity Providers Record: 1
1. Name of person providing indemnification	Brown Brothers Harriman & CO.
2. LEI, if any, of person providing indemnification	5493006KMX1VFTPYPW14
vi. Did the Fund exercise its indemnification rights during the reporting period?	Yes X No

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):

i. Revenue sharing split
ii. Non-revenue sharing split (other than administrative fee)
iii. Administrative fee
iv. Cash collateral reinvestment fee
v. Indemnification fee
vi. Other
X N/A

f. Provide the monthly average of the value of portfolio securities on loan during the reporting period

362,763.00

g. Provide the net income from securities lending activities

2,301.00

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

Item C.8. Expense limitations.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	X Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes X No
c. Are the fees waived subject to recoupment?	Yes X No
d. Were any expenses previously waived recouped during the period?	X Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	CWM Advisors, LLC
ii. SEC file number ( e.g., 801- )	801-108947
iii.CRD number	000171988
iv. LEI, if any	N/A
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes X No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Brown Brothers Harriman & Co
ii.SEC file number ( e.g., 84- or 85- )	084-06072
iii. LEI, if any	5493006KMX1VFTPYPW14
iv. State, if applicable	NEW YORK
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vii. Is the transfer agent a sub-transfer agent?	Yes X No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes X No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	N/A
Description of other identifying number	N/A
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes X No

b. Was a pricing service hired or terminated during the reporting period?

Yes X No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	Brown Brothers Harriman & Co
ii. LEI, if any	5493006KMX1VFTPYPW14
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the custodian a sub-custodian?	Yes X No
vii. With respect to the custodian, check below to indicate the type of custody:	X 1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes X No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	Brown Brothers Harriman & Co
ii. LEI, if any, or provide and describe other identifying number	5493006KMX1VFTPYPW14
Description of other identifying number	LEI
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes X No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes X No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Gemini Fund Services, LLC
ii. LEI, if any, or other identifying number	N/A
Description of other identifying number	N/A
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the administrator a sub-administrator?	Yes X No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes X No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

a. Full name
b. SEC file number
c. CRD number
d. LEI, if any
e. State, if applicable
f. Foreign country, if applicable
g. Total commissions paid to the affiliated broker-dealer for the reporting period:

Item C.16. Brokers.

Brokers Record: 1
i. Full name of broker	JPMORGAN CHASE
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	549300MQDUNHX6LKIG35
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2,360.72
Brokers Record: 2
i. Full name of broker	VIRTU FINANCIAL
ii. SEC file number	8-51262
iii. CRD number	000045986
iv. LEI, if any	5493006FX0HRYU3G2R47
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	26,552.08
b. Aggregate brokerage commissions paid by Fund during the reporting period:	28,912.8

Item C.17. Principal transactions.

Principal Transactions Record: 1
i. Full name of dealer	VIRTU FINANCIAL
ii. SEC file number	8-51262
iii. CRD number	000045986
iv. LEI, if any	5493006FX0HRYU3G2R47
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	73,651.27
Principal Transactions Record: 2
i. Full name of dealer	JPMORGAN CHASE
ii. SEC file number	8-60256
iii. CRD number	000000079
iv. LEI, if any	549300MQDUNHX6LKIG35
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	19,333,250.78

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

19,406,902.05

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes X No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period

132,713,806.33191778

b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes X No

b. Did the Fund engage in interfund lending?

Yes X No

c.Did the Fund engage in interfund borrowing?

Yes X No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?

Yes No

Management Investment Record: 4

Item C.1. Background information.

a. Full Name of the Fund	Inspire Corporate Bond Impact ETF
b. Series identication number, if any	S000056116
c. LEI	549300DLDH7OYNEDTI28
d. Is this the first filing on this form by the Fund?	Yes X No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	1
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Inspire Corporate Bond Impact ETF
ii. Class identification number, if any	C000176728
iii. Ticker symbol, if any	IBD

Item C.3. Type of fund.

Indicate if the Fund is any one of the types listed below. Check all that apply.

i. Is the index whose performance the Fund tracks, constructed:
1. By an affiliated person of the fund?	X Yes No
2. Exclusively for the fund?	X Yes No

ii. Provide the annualized difference between the Fund's total return during the reporting period and the index's return during the reporting period (i.e., the Fund's total return less the index's return):
1. Before Fund fees and expenses:	-1.19
2. After Fund fees and expenses (i.e., net asset value):	-1.77

iii. Provide the annualized standard deviation of the daily difference between the Fund's total return and the index's return during the reporting period:
1. Before Fund fees and expenses:	0.58
2. After Fund fees and expenses (i.e., net asset value):	0.58

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes X No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes X No

Item C.6. Securities lending.

a. Is the Fund authorized to engage in securities lending transactions?	Yes X No
b. Did the Fund lend any of its securities during the reporting period?	Yes X No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period?

Yes No

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):

i. Revenue sharing split
ii. Non-revenue sharing split (other than administrative fee)
iii. Administrative fee
iv. Cash collateral reinvestment fee
v. Indemnification fee
vi. Other
X N/A

f. Provide the monthly average of the value of portfolio securities on loan during the reporting period

0.00

g. Provide the net income from securities lending activities

0.00

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

Item C.8. Expense limitations.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	X Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes X No
c. Are the fees waived subject to recoupment?	Yes X No
d. Were any expenses previously waived recouped during the period?	X Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	CWM Advisors, LLC
ii. SEC file number ( e.g., 801- )	801-108947
iii.CRD number	000171988
iv. LEI, if any	N/A
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes X No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Brown Brothers Harriman & Co
ii.SEC file number ( e.g., 84- or 85- )	084-06072
iii. LEI, if any	5493006KMX1VFTPYPW14
iv. State, if applicable	NEW YORK
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vii. Is the transfer agent a sub-transfer agent?	Yes X No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes X No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	N/A
Description of other identifying number	N/A
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes X No

b. Was a pricing service hired or terminated during the reporting period?

Yes X No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	Brown Brothers Harriman & Co
ii. LEI, if any	5493006KMX1VFTPYPW14
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the custodian a sub-custodian?	Yes X No
vii. With respect to the custodian, check below to indicate the type of custody:	X 1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes X No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	Brown Brothers Harriman & Co
ii. LEI, if any, or provide and describe other identifying number	5493006KMX1VFTPYPW14
Description of other identifying number	LEI
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes X No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes X No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Gemini Fund Services, LLC
ii. LEI, if any, or other identifying number	N/A
Description of other identifying number	N/A
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the administrator a sub-administrator?	Yes X No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes X No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

a. Full name
b. SEC file number
c. CRD number
d. LEI, if any
e. State, if applicable
f. Foreign country, if applicable
g. Total commissions paid to the affiliated broker-dealer for the reporting period:

Item C.16. Brokers.

i. Full name of broker
ii. SEC file number
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Gross commissions paid by the Fund for the reporting period

b. Aggregate brokerage commissions paid by Fund during the reporting period:

Item C.17. Principal transactions.

Principal Transactions Record: 1
i. Full name of dealer	JPMORGAN CHASE
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2,382,356.77
Principal Transactions Record: 2
i. Full name of dealer	BANK OF AMERICAN MERRILL LYNCH
ii. SEC file number	8-69787
iii. CRD number	000283942
iv. LEI, if any	549300HN4UKV1E2R3U73
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	16,802,830.15
Principal Transactions Record: 3
i. Full name of dealer	TRADE MANAGE CAPITAL
ii. SEC file number	8-20851
iii. CRD number	000007263
iv. LEI, if any	254900IU6VEB33AMKU93
v. State, if applicable	NEW JERSEY
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	35,959,119.8

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

55,144,306.72

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes X No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period

103,819,810.99789034

b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes X No

b. Did the Fund engage in interfund lending?

Yes X No

c.Did the Fund engage in interfund borrowing?

Yes X No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?

Yes No

Management Investment Record: 5

Item C.1. Background information.

a. Full Name of the Fund	Inspire Small/Mid Cap Impact ETF
b. Series identication number, if any	S000056118
c. LEI	549300U402348LTM0Q29
d. Is this the first filing on this form by the Fund?	Yes X No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	1
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Inspire Small/Mid Cap Impact ETF
ii. Class identification number, if any	C000176730
iii. Ticker symbol, if any	ISMD

Item C.3. Type of fund.

Indicate if the Fund is any one of the types listed below. Check all that apply.

i. Is the index whose performance the Fund tracks, constructed:
1. By an affiliated person of the fund?	X Yes No
2. Exclusively for the fund?	X Yes No

ii. Provide the annualized difference between the Fund's total return during the reporting period and the index's return during the reporting period (i.e., the Fund's total return less the index's return):
1. Before Fund fees and expenses:	0.68
2. After Fund fees and expenses (i.e., net asset value):	0.04

iii. Provide the annualized standard deviation of the daily difference between the Fund's total return and the index's return during the reporting period:
1. Before Fund fees and expenses:	0.6
2. After Fund fees and expenses (i.e., net asset value):	0.6

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes X No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes X No

Item C.6. Securities lending.

a. Is the Fund authorized to engage in securities lending transactions?	X Yes No
b. Did the Fund lend any of its securities during the reporting period?	X Yes No

i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:

1. The Fund (or its securities lending agent) liquidated collateral pledged to secure the loaned securities?	Yes X No
2. The Fund was otherwise adversely impacted?	Yes X No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

Securities Lending Record: 1
i. Full name of securities lending agent	Brown Brothers Harriman
ii. LEI, if any	5493006KMX1VFTPYPW14
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes X No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	X Yes No
v. If the entity providing the indemnification is not the securities lending agent, provide the following information:
Idemnity Providers Record: 1
1. Name of person providing indemnification	Brown Brothers Harriman & CO.
2. LEI, if any, of person providing indemnification	5493006KMX1VFTPYPW14
vi. Did the Fund exercise its indemnification rights during the reporting period?	Yes X No

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):

i. Revenue sharing split
ii. Non-revenue sharing split (other than administrative fee)
iii. Administrative fee
iv. Cash collateral reinvestment fee
v. Indemnification fee
vi. Other
X N/A

f. Provide the monthly average of the value of portfolio securities on loan during the reporting period

2,614,993.00

g. Provide the net income from securities lending activities

27,478.00

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

Item C.8. Expense limitations.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	X Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	X Yes No
c. Are the fees waived subject to recoupment?	X Yes No
d. Were any expenses previously waived recouped during the period?	Yes X No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	CWM Advisors, LLC
ii. SEC file number ( e.g., 801- )	801-108947
iii.CRD number	000171988
iv. LEI, if any	N/A
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes X No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Brown Brothers Harriman & Co
ii.SEC file number ( e.g., 84- or 85- )	084-06072
iii. LEI, if any	5493006KMX1VFTPYPW14
iv. State, if applicable	NEW YORK
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vii. Is the transfer agent a sub-transfer agent?	Yes X No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes X No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	N/A
Description of other identifying number	N/A
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes X No

b. Was a pricing service hired or terminated during the reporting period?

Yes X No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	Brown Brothers Harriman & Co
ii. LEI, if any	5493006KMX1VFTPYPW14
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the custodian a sub-custodian?	Yes X No
vii. With respect to the custodian, check below to indicate the type of custody:	X 1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes X No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	Brown Brothers Harriman & Co
ii. LEI, if any, or provide and describe other identifying number	5493006KMX1VFTPYPW14
Description of other identifying number	LEI
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes X No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes X No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Gemini Fund Services, LLC
ii. LEI, if any, or other identifying number	N/A
Description of other identifying number	N/A
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the administrator a sub-administrator?	Yes X No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes X No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

a. Full name
b. SEC file number
c. CRD number
d. LEI, if any
e. State, if applicable
f. Foreign country, if applicable
g. Total commissions paid to the affiliated broker-dealer for the reporting period:

Item C.16. Brokers.

Brokers Record: 1
i. Full name of broker	GOLDMAN SACHS
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	FOR8UP27PHTHYVLBNG30
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	57.68
Brokers Record: 2
i. Full name of broker	VIRTU FINANCIAL
ii. SEC file number	8-51262
iii. CRD number	000045986
iv. LEI, if any	5493006FX0HRYU3G2R47
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	31,939.41
b. Aggregate brokerage commissions paid by Fund during the reporting period:	31,997.09

Item C.17. Principal transactions.

Principal Transactions Record: 1
i. Full name of dealer	VIRTU FINANCIAL
ii. SEC file number	8-68015
iii. CRD number	000148390
iv. LEI, if any	54930088MP91YZQJT494
v. State, if applicable	TEXAS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	15,168,851.41
Principal Transactions Record: 2
i. Full name of dealer	BANK OF AMERICA MERRILL LYNCH
ii. SEC file number	8-69787
iii. CRD number	000283942
iv. LEI, if any	549300HN4UKV1E2R3U73
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	16,809,302.6

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

31,978,154.008891

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes X No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period

76,928,394.556876674

b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes X No

b. Did the Fund engage in interfund lending?

Yes X No

c.Did the Fund engage in interfund borrowing?

Yes X No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?

Yes No

Management Investment Record: 6

Item C.1. Background information.

a. Full Name of the Fund	Inspire 100 ETF
b. Series identication number, if any	S000059335
c. LEI	549300P3L2VZT2BEZ023
d. Is this the first filing on this form by the Fund?	Yes X No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	1
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Inspire 100 ETF
ii. Class identification number, if any	C000194706
iii. Ticker symbol, if any	BIBL

Item C.3. Type of fund.

Indicate if the Fund is any one of the types listed below. Check all that apply.

i. Is the index whose performance the Fund tracks, constructed:
1. By an affiliated person of the fund?	X Yes No
2. Exclusively for the fund?	X Yes No

ii. Provide the annualized difference between the Fund's total return during the reporting period and the index's return during the reporting period (i.e., the Fund's total return less the index's return):
1. Before Fund fees and expenses:	-0.81
2. After Fund fees and expenses (i.e., net asset value):	-1.16

iii. Provide the annualized standard deviation of the daily difference between the Fund's total return and the index's return during the reporting period:
1. Before Fund fees and expenses:	0.35
2. After Fund fees and expenses (i.e., net asset value):	0.35

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes X No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes X No

Item C.6. Securities lending.

a. Is the Fund authorized to engage in securities lending transactions?	X Yes No
b. Did the Fund lend any of its securities during the reporting period?	X Yes No

i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:

1. The Fund (or its securities lending agent) liquidated collateral pledged to secure the loaned securities?	Yes X No
2. The Fund was otherwise adversely impacted?	Yes X No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

Securities Lending Record: 1
i. Full name of securities lending agent	Brown Brothers Harriman
ii. LEI, if any	5493006KMX1VFTPYPW14
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes X No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	X Yes No
v. If the entity providing the indemnification is not the securities lending agent, provide the following information:
Idemnity Providers Record: 1
1. Name of person providing indemnification	Brown Brothers Harriman & CO.
2. LEI, if any, of person providing indemnification	5493006KMX1VFTPYPW14
vi. Did the Fund exercise its indemnification rights during the reporting period?	Yes X No

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):

i. Revenue sharing split
ii. Non-revenue sharing split (other than administrative fee)
iii. Administrative fee
iv. Cash collateral reinvestment fee
v. Indemnification fee
vi. Other
X N/A

f. Provide the monthly average of the value of portfolio securities on loan during the reporting period

1,099,174.00

g. Provide the net income from securities lending activities

955.00

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

Item C.8. Expense limitations.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	X Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	X Yes No
c. Are the fees waived subject to recoupment?	X Yes No
d. Were any expenses previously waived recouped during the period?	Yes X No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	CWM Advisors, LLC
ii. SEC file number ( e.g., 801- )	801-108947
iii.CRD number	000171988
iv. LEI, if any	N/A
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes X No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Brown Brothers Harriman & Co
ii.SEC file number ( e.g., 84- or 85- )	084-06072
iii. LEI, if any	5493006KMX1VFTPYPW14
iv. State, if applicable	NEW YORK
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vii. Is the transfer agent a sub-transfer agent?	Yes X No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes X No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	N/A
Description of other identifying number	N/A
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes X No

b. Was a pricing service hired or terminated during the reporting period?

Yes X No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	Brown Brothers Harriman & Co
ii. LEI, if any	5493006KMX1VFTPYPW14
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the custodian a sub-custodian?	Yes X No
vii. With respect to the custodian, check below to indicate the type of custody:	X 1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes X No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	Brown Brothers Harriman & Co
ii. LEI, if any, or provide and describe other identifying number	5493006KMX1VFTPYPW14
Description of other identifying number	LEI
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes X No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes X No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Gemini Fund Services, LLC
ii. LEI, if any, or other identifying number	N/A
Description of other identifying number	N/A
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the administrator a sub-administrator?	Yes X No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes X No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

a. Full name
b. SEC file number
c. CRD number
d. LEI, if any
e. State, if applicable
f. Foreign country, if applicable
g. Total commissions paid to the affiliated broker-dealer for the reporting period:

Item C.16. Brokers.

Brokers Record: 1
i. Full name of broker	VIRTU FINANCIAL
ii. SEC file number	8-51262
iii. CRD number	000045986
iv. LEI, if any	5493006FX0HRYU3G2R47
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	298.45
Brokers Record: 2
i. Full name of broker	GOLDMAN SACHS
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	FOR8UP27PHTHYVLBNG30
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2,887.53
Brokers Record: 3
i. Full name of broker	ESPOSITO SECURITIES
ii. SEC file number	8-67596
iii. CRD number	000143710
iv. LEI, if any	5493005PRA6C64RLD847
v. State, if applicable	TEXAS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	10.28
b. Aggregate brokerage commissions paid by Fund during the reporting period:	3,196.26

Item C.17. Principal transactions.

Principal Transactions Record: 1
i. Full name of dealer	VIRTU FINANCIAL
ii. SEC file number	8-51262
iii. CRD number	000045986
iv. LEI, if any	5493006FX0HRYU3G2R47
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	10,721,495.06
Principal Transactions Record: 2
i. Full name of dealer	BANK OF AMERICA MERRILL LYNCH
ii. SEC file number	8-69787
iii. CRD number	000283942
iv. LEI, if any	549300HN4UKV1E2R3U73
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	13,742,268.21
Principal Transactions Record: 3
i. Full name of dealer	GOLDMAN SACHS
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	FOR8UP27PHTHYVLBNG30
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1,436,459.11

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

25,900,222.38

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes X No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period

60,684,482.372767128

b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes X No

b. Did the Fund engage in interfund lending?

Yes X No

c.Did the Fund engage in interfund borrowing?

Yes X No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?

Yes No

Management Investment Record: 7

Item C.1. Background information.

a. Full Name of the Fund	Measured Risk Strategy Fund
b. Series identication number, if any	S000052165
c. LEI	549300T555O7SSVZEV17
d. Is this the first filing on this form by the Fund?	X Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	2
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	2
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Measured Risk Strategy Fund Class I Shares
ii. Class identification number, if any	C000164166
iii. Ticker symbol, if any	MRPIX
Shares Outstanding Record: 2
i. Full name of Class	Measured Risk Strategy Fund Class A Shares
ii. Class identification number, if any	C000164165
iii. Ticker symbol, if any	MRPAX

Item C.3. Type of fund.

Indicate if the Fund is any one of the types listed below. Check all that apply.

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes X No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes X No

Item C.6. Securities lending.

a. Is the Fund authorized to engage in securities lending transactions?	Yes X No
b. Did the Fund lend any of its securities during the reporting period?	Yes X No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period?

Yes No

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):

i. Revenue sharing split
ii. Non-revenue sharing split (other than administrative fee)
iii. Administrative fee
iv. Cash collateral reinvestment fee
v. Indemnification fee
vi. Other
X N/A

f. Provide the monthly average of the value of portfolio securities on loan during the reporting period

N/A

g. Provide the net income from securities lending activities

N/A

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

Item C.8. Expense limitations.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	X Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	X Yes No
c. Are the fees waived subject to recoupment?	Yes X No
d. Were any expenses previously waived recouped during the period?	Yes X No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Measured Risk Portfolios, Inc.
ii. SEC file number ( e.g., 801- )	801-80124
iii.CRD number	000141422
iv. LEI, if any	N/A
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes X No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Gemini Fund Services, LLC
ii.SEC file number ( e.g., 84- or 85- )	84-06083
iii. LEI, if any	N/A
iv. State, if applicable	NEBRASKA
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vii. Is the transfer agent a sub-transfer agent?	Yes X No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes X No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	N/A
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes X No

b. Was a pricing service hired or terminated during the reporting period?

Yes X No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	Huntington National Bank
ii. LEI, if any	2WHM8VNJH63UN14OL754
iii. State, if applicable	OHIO
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the custodian a sub-custodian?	Yes X No
vii. With respect to the custodian, check below to indicate the type of custody:	X 1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes X No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	Gemini Fund Services, LLC
ii. LEI, if any, or provide and describe other identifying number	84-06083
Description of other identifying number	Filing Numnber
iii. State, if applicable	NEBRASKA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes X No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes X No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Gemini Fund Services, LLC
ii. LEI, if any, or other identifying number	84-06083
Description of other identifying number	Filing Numnber
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the administrator a sub-administrator?	Yes X No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes X No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

a. Full name
b. SEC file number
c. CRD number
d. LEI, if any
e. State, if applicable
f. Foreign country, if applicable
g. Total commissions paid to the affiliated broker-dealer for the reporting period:

Item C.16. Brokers.

Brokers Record: 1
i. Full name of broker	Interactive Brokers
ii. SEC file number	8-47257
iii. CRD number	000036418
iv. LEI, if any	50OBSE5T5521O6SMZR28
v. State, if applicable	CONNECTICUT
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1,072.22
Brokers Record: 2
i. Full name of broker	WALLACHBETH
ii. SEC file number	8-67936
iii. CRD number	000147853
iv. LEI, if any	549300R371KUKXEXC133
v. State, if applicable	NEW JERSEY
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	91,237.52
b. Aggregate brokerage commissions paid by Fund during the reporting period:	92,309.74

Item C.17. Principal transactions.

Principal Transactions Record: 1
i. Full name of dealer	Interactive Brokers
ii. SEC file number	8-47257
iii. CRD number	000036418
iv. LEI, if any	50OBSE5T5521O6SMZR28
v. State, if applicable	CONNECTICUT
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	7,697,560
Principal Transactions Record: 2
i. Full name of dealer	GOLDMAN SACHS
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	FOR8UP27PHTHYVLBNG30
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	3,682,472.62
Principal Transactions Record: 3
i. Full name of dealer	Huntington Bank
ii. SEC file number	8-34867
iii. CRD number	000016986
iv. LEI, if any	2WHM8VNJH63UN14OL754
v. State, if applicable	OHIO
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	16,779,851.78
Principal Transactions Record: 4
i. Full name of dealer	WALLACHBETH
ii. SEC file number	8-67936
iii. CRD number	000147853
iv. LEI, if any	549300R371KUKXEXC133
v. State, if applicable	NEW JERSEY
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	4,850,430.78

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

33,010,315.18

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes X No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period

9,005,476.82

b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes X No

b. Did the Fund engage in interfund lending?

Yes X No

c.Did the Fund engage in interfund borrowing?

Yes X No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?

Yes X No

Management Investment Record: 8

Item C.1. Background information.

a. Full Name of the Fund	Main BuyWrite Fund
b. Series identication number, if any	S000052164
c. LEI	549300K8MTQKD2WNN659
d. Is this the first filing on this form by the Fund?	Yes X No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	1
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Main BuyWrite Fund Class I Shares
ii. Class identification number, if any	C000164164
iii. Ticker symbol, if any	BUYWX

Item C.3. Type of fund.

Indicate if the Fund is any one of the types listed below. Check all that apply.

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes X No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes X No

Item C.6. Securities lending.

a. Is the Fund authorized to engage in securities lending transactions?	X Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes X No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

Securities Lending Record: 1
i. Full name of securities lending agent	Securities Finance Trust Company
ii. LEI, if any	549300TG9E1QX4XYSB91
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes X No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes X No

Collateral Managers Record: 1
i. Full name of cash collateral manager:	Securities Finance Trust Company
ii. LEI, if any:	549300TG9E1QX4XYSB91
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes X No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes X No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):

i. Revenue sharing split
ii. Non-revenue sharing split (other than administrative fee)
iii. Administrative fee
iv. Cash collateral reinvestment fee
v. Indemnification fee
vi. Other
X N/A

f. Provide the monthly average of the value of portfolio securities on loan during the reporting period

N/A

g. Provide the net income from securities lending activities

N/A

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

Item C.8. Expense limitations.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	X Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	X Yes No
c. Are the fees waived subject to recoupment?	X Yes No
d. Were any expenses previously waived recouped during the period?	Yes X No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Main Management Fund Advisors, LLC
ii. SEC file number ( e.g., 801- )	801-106755
iii.CRD number	000281689
iv. LEI, if any	N/A
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes X No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Gemini Fund Services, LLC
ii.SEC file number ( e.g., 84- or 85- )	84-06083
iii. LEI, if any	N/A
iv. State, if applicable	NEBRASKA
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vii. Is the transfer agent a sub-transfer agent?	Yes X No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes X No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	N/A
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes X No

b. Was a pricing service hired or terminated during the reporting period?

Yes X No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	MUFG Union Bank, N.A.
ii. LEI, if any	OX3PU53ZLPQKJ4700D47
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the custodian a sub-custodian?	Yes X No
vii. With respect to the custodian, check below to indicate the type of custody:	X 1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes X No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	Gemini Fund Services, LLC
ii. LEI, if any, or provide and describe other identifying number	84-06083
Description of other identifying number	Filing Numnber
iii. State, if applicable	NEBRASKA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes X No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes X No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Gemini Fund Services, LLC
ii. LEI, if any, or other identifying number	84-06083
Description of other identifying number	Filing Numnber
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes X No
vi. Is the administrator a sub-administrator?	Yes X No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes X No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

a. Full name
b. SEC file number
c. CRD number
d. LEI, if any
e. State, if applicable
f. Foreign country, if applicable
g. Total commissions paid to the affiliated broker-dealer for the reporting period:

Item C.16. Brokers.

Brokers Record: 1
i. Full name of broker	FIS BROKERAGE & SECURITIES SERVICES LLC
ii. SEC file number	8-52614
iii. CRD number	000104162
iv. LEI, if any	N/A
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2,610
Brokers Record: 2
i. Full name of broker	SUSQUEHANNA CAPITAL GROUP
ii. SEC file number	8-43174
iii. CRD number	000029337
iv. LEI, if any	549300RX9GZX8Y9IGJ81
v. State, if applicable	PENNSYLVANIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	7,322
Brokers Record: 3
i. Full name of broker	CONVERGEX
ii. SEC file number	8-46838
iii. CRD number	000035693
iv. LEI, if any	5493008KXRSS2V7YVY75
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	164,511.4
b. Aggregate brokerage commissions paid by Fund during the reporting period:	174,443.4

Item C.17. Principal transactions.

i. Full name of dealer
ii. SEC file number
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Total value of purchases and sales (excluding maturing securities) with Fund:

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes X No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period

69,031,453.65

b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes X No

b. Did the Fund engage in interfund lending?

Yes X No

c.Did the Fund engage in interfund borrowing?

Yes X No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?

Yes X No

N-CEN:Part E: Additional Questions for Exchange-Traded Funds and Exchange-Traded Managed Funds

Exchange Record: 1

Fund Name

Inspire 100 ETF

Item E.1. Exchange.

Security Exchanges Record: 1
a. Exchange where listed. Provide the name of the national securities exchange on which the Fund’s shares are listed:	BATS Z-EXCHANGE
b. Ticker. Provide the Fund's ticker symbol:	BIBL

Item E.2. Authorized participants.

Instructions: The term "authorized participant" means a broker-dealer that is also a member of a clearing agency registered with the Commission, and which has a written agreement with the Exchange-Traded Fund or Exchange-Traded Managed Fund or one of its designated service providers that allows it place orders to purchase or redeem creation units of the Exchange-Traded Fund or Exchange-Traded Managed Fund.

For each authorized participant of the Fund, provide the following information:

Authorized Participants Record: 1
a. Full Name	Merrill Lynch
b. SEC file number	008-69787
c. CRD number	000283942
d. LEI, if any	549300HN4UKV1E2R3U73
e. The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period:	24,118,352.07
f. The dollar value of the Fund shares the authorized participant redeemed during the reporting period:	0
Authorized Participants Record: 2
a. Full Name	VIRTU
b. SEC file number	008-51262
c. CRD number	000045986
d. LEI, if any	5493006FX0HRYU3G2R47
e. The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period:	13,501,270.96
f. The dollar value of the Fund shares the authorized participant redeemed during the reporting period:	0
Authorized Participants Record: 3
a. Full Name	Goldman Sachs
b. SEC file number	008-00129
c. CRD number	000000361
d. LEI, if any	FOR8UP27PHTHYVLBNG30
e. The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period:	1,436,459.11
f. The dollar value of the Fund shares the authorized participant redeemed during the reporting period:	10,548,710.2
Authorized Participants Record: 4
a. Full Name	JP Morgan
b. SEC file number	008-07221
c. CRD number	000102920
d. LEI, if any	7H6GLXDRUGQFU57RNE97
e. The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period:	7,820,138.98
f. The dollar value of the Fund shares the authorized participant redeemed during the reporting period:	0

g. Did the Fund require that an authorized participant post collateral to the Fund or any of its designated service providers in
connection with the purchase or redemption of Fund shares during the reporting period?

Yes X No

Item E.3. Creation units.

Instructions. The term “creation unit” means a specified number of Exchange-Traded Fund or Exchange-Traded Managed Fund shares that the fund will issue to (or redeem from) an authorized participant in exchange for the deposit (or delivery) of specified securities, positions, cash, and other assets or positions.

a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period:

50,000

b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide:

i. The average percentage of that value composed of cash:

1.03 %

ii. The standard deviation of the percentage of that value composed of cash:	0 %
iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	98.97 %
iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	0 %

c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide:

i. The average percentage of that value composed of cash:	1.04 %
ii. The standard deviation of the percentage of that value composed of cash:	0 %
iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	98.96 %
iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	0 %

d. For creation units purchased by authorized participants during the reporting period, provide:

i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	750.00
3. A percentage of the value of each creation unit, if charged on that basis:	2.00 %

ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	750.00
3. A percentage of the value of each creation unit, if charged on that basis:	2.00 %

e. For creation units redeemed by authorized participants during the reporting period, provide:

i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	750.00000000
3. A percentage of the value of each creation unit, if charged on that basis:	2.00000000 %

ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	750.00000000
3. A percentage of the value of each creation unit, if charged on that basis:	2.00000000 %

Item E.5. In-Kind ETF.

Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)?

X Yes No

Exchange Record: 2

Fund Name

Inspire Small/Mid Cap Impact ETF

Item E.1. Exchange.

Security Exchanges Record: 1
a. Exchange where listed. Provide the name of the national securities exchange on which the Fund’s shares are listed:	BATS Z-EXCHANGE
b. Ticker. Provide the Fund's ticker symbol:	ISMD

Item E.2. Authorized participants.

For each authorized participant of the Fund, provide the following information:

Authorized Participants Record: 1
a. Full Name	VIRTU
b. SEC file number	008-51262
c. CRD number	000045986
d. LEI, if any	5493006FX0HRYU3G2R47
e. The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period:	16,410,989.810138
f. The dollar value of the Fund shares the authorized participant redeemed during the reporting period:	5,129,670.32
Authorized Participants Record: 2
a. Full Name	Merrill Lynch
b. SEC file number	008-69787
c. CRD number	000283942
d. LEI, if any	549300HN4UKV1E2R3U73
e. The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period:	7,708,539.056581
f. The dollar value of the Fund shares the authorized participant redeemed during the reporting period:	10,371,268.945
Authorized Participants Record: 3
a. Full Name	Citadel
b. SEC file number	008-53574
c. CRD number	000116797
d. LEI, if any	12UUJYTN7D3SW8KCSG25
e. The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period:	24,762,513.04
f. The dollar value of the Fund shares the authorized participant redeemed during the reporting period:	0
Authorized Participants Record: 4
a. Full Name	JP Morgan
b. SEC file number	008-07221
c. CRD number	000102920
d. LEI, if any	7H6GLXDRUGQFU57RNE97
e. The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period:	11,375,616.7
f. The dollar value of the Fund shares the authorized participant redeemed during the reporting period:	1,148,271.63

Yes X No

Item E.3. Creation units.

a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period:

50,000

b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide:

i. The average percentage of that value composed of cash:

1.14 %

ii. The standard deviation of the percentage of that value composed of cash:	0 %
iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	99.08 %
iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	0 %

c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide:

i. The average percentage of that value composed of cash:	1.01 %
ii. The standard deviation of the percentage of that value composed of cash:	0 %
iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	99.37 %
iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	0 %

d. For creation units purchased by authorized participants during the reporting period, provide:

i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	2,500.00
3. A percentage of the value of each creation unit, if charged on that basis:	2.00 %

ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	2,500.00
3. A percentage of the value of each creation unit, if charged on that basis:	2.00 %

e. For creation units redeemed by authorized participants during the reporting period, provide:

i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	2,500.00000000
3. A percentage of the value of each creation unit, if charged on that basis:	2.00000000 %

ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	2,500.00000000
3. A percentage of the value of each creation unit, if charged on that basis:	2.00000000 %

Item E.5. In-Kind ETF.

Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)?

X Yes No

Exchange Record: 3

Fund Name

Inspire International ESG ETF

Item E.1. Exchange.

Security Exchanges Record: 1
a. Exchange where listed. Provide the name of the national securities exchange on which the Fund’s shares are listed:	BATS Z-EXCHANGE
b. Ticker. Provide the Fund's ticker symbol:	WWJD

Item E.2. Authorized participants.

For each authorized participant of the Fund, provide the following information:

Authorized Participants Record: 1
a. Full Name	JP Morgan
b. SEC file number	008-07221
c. CRD number	000102920
d. LEI, if any	7H6GLXDRUGQFU57RNE97
e. The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period:	5,580,152.8412116
f. The dollar value of the Fund shares the authorized participant redeemed during the reporting period:	0
Authorized Participants Record: 2
a. Full Name	Credit Suisse
b. SEC file number	008-00422
c. CRD number	000000816
d. LEI, if any	1V8Y6QCX6YMJ2OELII46
e. The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period:	1,119,310.33014946
f. The dollar value of the Fund shares the authorized participant redeemed during the reporting period:	0
Authorized Participants Record: 3
a. Full Name	Cantor Fitzgerald
b. SEC file number	008-00201
c. CRD number	000000134
d. LEI, if any	5493004J7H4GCPG6OB62
e. The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period:	2,204,041.04452852
f. The dollar value of the Fund shares the authorized participant redeemed during the reporting period:	0

Yes X No

Item E.3. Creation units.

a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period:

50,000

b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide:

i. The average percentage of that value composed of cash:

15.75 %

ii. The standard deviation of the percentage of that value composed of cash:	0 %
iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	84.25 %
iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	0 %

c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide:

i. The average percentage of that value composed of cash:	0 %
ii. The standard deviation of the percentage of that value composed of cash:	0 %
iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	0 %
iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	0 %

d. For creation units purchased by authorized participants during the reporting period, provide:

i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	4,500.00
3. A percentage of the value of each creation unit, if charged on that basis:	2.00 %

ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	4,500.00
3. A percentage of the value of each creation unit, if charged on that basis:	2.00 %

e. For creation units redeemed by authorized participants during the reporting period, provide:

i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	4,500.00000000
3. A percentage of the value of each creation unit, if charged on that basis:	2.00000000 %

ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	4,500.00000000
3. A percentage of the value of each creation unit, if charged on that basis:	2.00000000 %

Item E.5. In-Kind ETF.

Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)?

X Yes No

Exchange Record: 4

Fund Name

Inspire Corporate Bond Impact ETF

Item E.1. Exchange.

Security Exchanges Record: 1
a. Exchange where listed. Provide the name of the national securities exchange on which the Fund’s shares are listed:	BATS Z-EXCHANGE
b. Ticker. Provide the Fund's ticker symbol:	IBD

Item E.2. Authorized participants.

For each authorized participant of the Fund, provide the following information:

Authorized Participants Record: 1
a. Full Name	JP Morgan
b. SEC file number	008-07221
c. CRD number	000102920
d. LEI, if any	7H6GLXDRUGQFU57RNE97
e. The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period:	18,397,247.101880562
f. The dollar value of the Fund shares the authorized participant redeemed during the reporting period:	0
Authorized Participants Record: 2
a. Full Name	Merrill Lynch
b. SEC file number	008-69787
c. CRD number	000283942
d. LEI, if any	549300HN4UKV1E2R3U73
e. The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period:	54,247,383.3826347
f. The dollar value of the Fund shares the authorized participant redeemed during the reporting period:	2,418,207.47569686

Yes X No

Item E.3. Creation units.

a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period:

100,000

b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide:

i. The average percentage of that value composed of cash:

6.88 %

ii. The standard deviation of the percentage of that value composed of cash:	0 %
iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	93.12 %
iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	0 %

c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide:

i. The average percentage of that value composed of cash:	5.96 %
ii. The standard deviation of the percentage of that value composed of cash:	0 %
iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	94.04 %
iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	0 %

d. For creation units purchased by authorized participants during the reporting period, provide:

i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	750.00
3. A percentage of the value of each creation unit, if charged on that basis:	2.00 %

ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	750.00
3. A percentage of the value of each creation unit, if charged on that basis:	2.00 %

e. For creation units redeemed by authorized participants during the reporting period, provide:

i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	750.00000000
3. A percentage of the value of each creation unit, if charged on that basis:	2.00000000 %

ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	750.00000000
3. A percentage of the value of each creation unit, if charged on that basis:	2.00000000 %

Item E.5. In-Kind ETF.

Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)?

X Yes No

Exchange Record: 5

Fund Name

Inspire Global Hope ETF

Item E.1. Exchange.

Security Exchanges Record: 1
a. Exchange where listed. Provide the name of the national securities exchange on which the Fund’s shares are listed:	BATS Z-EXCHANGE
b. Ticker. Provide the Fund's ticker symbol:	BLES

Item E.2. Authorized participants.

For each authorized participant of the Fund, provide the following information:

Authorized Participants Record: 1
a. Full Name	JP Morgan
b. SEC file number	008-07221
c. CRD number	000102920
d. LEI, if any	7H6GLXDRUGQFU57RNE97
e. The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period:	32,843,101.6282174
f. The dollar value of the Fund shares the authorized participant redeemed during the reporting period:	7,691,102.59017915
Authorized Participants Record: 2
a. Full Name	VIRTU
b. SEC file number	008-51262
c. CRD number	000045986
d. LEI, if any	5493006FX0HRYU3G2R47
e. The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period:	0
f. The dollar value of the Fund shares the authorized participant redeemed during the reporting period:	1,164,568.61
Authorized Participants Record: 3
a. Full Name	Merrill Lynch
b. SEC file number	008-69787
c. CRD number	000283942
d. LEI, if any	549300HN4UKV1E2R3U73
e. The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period:	31,046,904.9
f. The dollar value of the Fund shares the authorized participant redeemed during the reporting period:	0

Yes X No

Item E.3. Creation units.

a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period:

50,000

b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide:

i. The average percentage of that value composed of cash:

6.76 %

ii. The standard deviation of the percentage of that value composed of cash:	0 %
iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	93.24 %
iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	0 %

c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide:

i. The average percentage of that value composed of cash:	7.32 %
ii. The standard deviation of the percentage of that value composed of cash:	0 %
iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	92.68 %
iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis:	0 %

d. For creation units purchased by authorized participants during the reporting period, provide:

i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	5,000.00
3. A percentage of the value of each creation unit, if charged on that basis:	2.00 %

ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	5,000.00
3. A percentage of the value of each creation unit, if charged on that basis:	2.00 %

e. For creation units redeemed by authorized participants during the reporting period, provide:

i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	5,000.00000000
3. A percentage of the value of each creation unit, if charged on that basis:	2.00000000 %

ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as:

1. Dollars per creation unit, if charged on that basis:	0.00000000
2. Dollars for one or more creation units purchased on the same day, if charged on that basis:	5,000.00000000
3. A percentage of the value of each creation unit, if charged on that basis:	2.00000000 %

Item E.5. In-Kind ETF.

Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)?

X Yes No

N-CEN:Part G: Attachments

Item G.1a. Attachments.

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

i. Legal proceedings
ii. Provision of financial support
X iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)
iv. Change in accounting principles and practices
v. Information required to be filed pursuant to exemptive orders
vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

Instructions.

1. Item G.1.a.i. Legal proceedings.

(a) If the Registrant responded "YES" to Item B.11.a., provide a brief description of the proceedings. As part of the description, provide the case or docket number (if any), and the full names of the principal parties to the proceeding.
(b) If the Registrant responded "YES" to Item B.11.b., identify the proceeding and give its date of termination.

2. Item G.1.a.ii. Provision of financial support. If the Registrant responded "YES" to Item B.14., provide the following information (unless the Registrant is a Money Market Fund): (a) Description of nature of support.

(b) Person providing support.

(c) Brief description of relationship between the person providing support and the Registrant.

(d) Date support provided.

(e) Amount of support.

(f) Security supported (if applicable). Disclose the full name of the issuer, the title of the issue (including coupon or yield, if applicable) and at least two identifiers, if available (e.g., CIK, CUSIP, ISIN, LEI).
(g) Value of security supported on date support was initiated (if applicable).

(h) Brief description of reason for support.

(i) Term of support.

(j) Brief description of any contractual restrictions relating to support.

3. Item G.1.a.iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only). Each management investment company shall furnish a report of its independent public accountant on the company's system of internal accounting controls. The accountant's report shall be based on the review, study and evaluation of the accounting system, internal accounting controls, and procedures for safeguarding securities made during the audit of the financial statements for the reporting period. The report should disclose any material weaknesses in: (a) the accounting system; (b) system of internal accounting control; or (c) procedures for safeguarding securities which exist as of the end of the Registrant's fiscal year.

The accountant's report shall be furnished as an exhibit to the form and shall: (1) be addressed to the Registrant's shareholders and board of directors; (2) be dated; (3) be signed manually; and (4) indicate the city and state where issued.

Attachments that include a report that discloses a material weakness should include an indication by the Registrant of any corrective action taken or proposed.

The fact that an accountant's report is attached to this form shall not be regarded as acknowledging any review of this form by the independent public accountant.

4. Item G.1.a.iv. Change in accounting principles and practices. If the Registrant responded "YES" to Item B.21, provide an attachment that describes the change in accounting principles or practices, or the change in the method of applying any such accounting principles or practices. State the date of the change and the reasons therefor. A letter from the Registrant's independent accountants, approving or otherwise commenting on the change, shall accompany the description.

5. Item G.1.a.v. Information required to be filed pursuant to exemptive orders. File as an attachment any information required to be reported on Form N-CEN or any predecessor form to Form N-CEN (e.g., Form N-SAR) pursuant to exemptive orders issued by the Commission and relied on by the Registrant.

6. Item G.1.a.vi. Other information required to be included as an attachment pursuant to Commission rules and regulations. File as an attachment any other information required to be included as an attachment pursuant to Commission rules and regulations.

N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Registrant

Northern Lights Fund Trust IV

Date

2020-02-07

Signature

Sam Singh

Title

1 Year Affinity World Leaders E... Chart

1 Month Affinity World Leaders E... Chart

AMEX

WLDR

Affinity World Leaders E...

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Annual Report for Registered Investment Companies (n-cen)

13/02/2020 9:14pm

Edgar (US Regulatory)

N-CEN:Series/Class (Contract) Information

N-CEN:Part A: General Information

Item A.1. Reporting period covered.

N-CEN:Part B: Information About the Registrant

Item B.1. Background information.

Item B.2. Address and telephone number of Registrant.

Item B.3. Location of books and records.

Item B.4. Initial of final filings.

Item B.5. Family of investment companies.

Item B.6. Organization.

Item B.7. Securities Act registration.

Item B.8. Directors.

Item B.9. Chief compliance officer.

Item B.10. Matters for security holder vote.

Item B.11. Legal proceeding.

Item B.12. Fidelity bond and insurance (management investment companies only).

Item B.13. Directors and officers/errors and omissions insurance (management investment companies only).

Item B.14. Provision of financial support.

Item B.15. Exemptive orders.

Item B.16. Principal underwriters.

Item B.17. Independent public accountant.

Item B.18. Report on internal control (management investment companies only).

Item B.19. Audit opinion.

Item B.20. Change in valuation methods.

Item B.21. Change in accounting principles and practices.

Item B.22. Net asset value error corrections (open-end management investment companies only).

Item B.23. Rule 19a-1 notice (management investment companies only).

N-CEN:Part C: Additional Questions for Management Investment Companies

General Instruction.

Item C.1. Background information.

Item C.2. Classes of open-end management investment companies.

Item C.3. Type of fund.

Item C.4. Diversification.

Item C.5. Investments in certain foreign corporations.

Item C.6. Securities lending.

Item C.7. Reliance on certain rules.

Item C.8. Expense limitations.

Item C.9. Investment advisers.

Item C.10. Transfer agents.

Item C.11. Pricing services.

Item C.12. Custodians.

Item C.13. Shareholder servicing agents.

Item C.14. Administrators.

Item C.15. Affiliated broker-dealers.

Item C.16. Brokers.

Item C.17. Principal transactions.

Item C.18. Payments for brokerage and research.

Item C.19. Average net assets.

Item C.20. Lines of credit, interfund lending and interfund borrowing.

Item C.21. Swing pricing.

Item C.1. Background information.

Item C.2. Classes of open-end management investment companies.

Item C.3. Type of fund.

Item C.4. Diversification.

Item C.5. Investments in certain foreign corporations.

Item C.6. Securities lending.

Item C.7. Reliance on certain rules.

Item C.8. Expense limitations.

Item C.9. Investment advisers.

Item C.10. Transfer agents.

Item C.11. Pricing services.

Item C.12. Custodians.

Item C.13. Shareholder servicing agents.

Item C.14. Administrators.