Anchor Capital Management Group, Inc. (Anchor Capital) is a SEC Registered Investment Advisory firm located in Aliso Viejo, California. The firm has been in business since 1996. The principal owner of Anchor Capital is Garrett Waters. As of December 31, 2023, Anchor Capital had $389,745,910.00 of regulatory assets under management. Of that amount, $389,745,910.00 of assets were managed on a discretionary basis and $0 of assets were managed on a non- discretionary basis. Investment Management Services Anchor Capital provides investment management advice, while primarily allocating client assets into Anchor’s Risk Managed Mutual Funds, Total Solution Portfolios and Customized Risk Managed Portfolios. The portfolios contain both exchange traded funds and a percentage of affiliated mutual funds that are managed by Anchor Capital and incorporate the firm’s risk managed investment strategies. The mutual funds also emphasize the importance of non- traditional investment strategies that are generally unconstrained to traditional benchmarks, pursuing both non-correlation and profits regardless of financial market direction. In addition, Anchor Capital serves as the investment advisor over these affiliated mutual funds and receives investment management fees directly from the mutual funds. Anchor Capital tailors its advisory services to the individual needs of clients. Prior to engaging Anchor Capital to provide investment advisory services, the client is required to enter into a written Investment Advisory Agreement, which sets forth the terms and conditions regarding services to be rendered. The firm’s licensed advisers consult with clients initially and on an ongoing basis to determine needs. Anchor Capital ensures that clients’ investments are suitable for their investment needs and review the following, including but not limited to current financial conditions, goals, objectives and risk tolerance based on the information provided. Anchor Capital relies on the accuracy of information provided by the client and is not required to verify any information it receives from the client or from the client’s other professionals or service providers. Anchor Capital’s clients may choose to accept or reject any of our financial planning recommendations but should note that the rejection of any or all recommendations may affect their financial plan as proposed. Clients are advised to notify Anchor Capital if there are changes in their financial situation or investment objectives or if they wish to impose any reasonable restrictions upon the firm’s management services. Clients can impose reasonable restrictions or mandates on the management of their account if, in Anchor Capital’s sole discretion, the conditions will not materially impact the performance of a portfolio strategy or prove overly burdensome to its management efforts. Affiliated Registered Funds Anchor Capital serves as the investment advisor to the Anchor Risk Income Strategies Fund, Anchor Risk Managed Equity Strategies Fund, Anchor Risk Managed Global Strategies Fund. (hereinafter referred to collectively as the “Anchor Risk Managed Funds”). The Anchor Risk Managed Funds seeks to provide total return from income and capital appreciation with a secondary objective of limiting risk during volatile market conditions. Anchor Capital manages the Anchor Risk Managed Funds assets based on the specific investment objectives and restrictions as outlined in the Anchor Risk Managed Fund’s prospectus and statement of additional information, rather than on the individual needs and objectives of the fund’s shareholders. When appropriate and suitable, Anchor Capital may recommend to clients that they invest in the Anchor Risk Managed Funds. Prior to investing, shareholders should consider whether

the investment strategy of each of the individual Anchor Risk Managed Funds meet their investment objectives and risk tolerance. For a complete description of the investment object and risks, please refer to the Anchor Risk Managed Funds prospectus. In all situations, Anchor Capital operates portfolio management in accordance with the investment guidelines outlined in the Anchor Risk Managed Funds’ governing documents. The Anchor Risk Managed Funds are diversified series of the Northern Lights Fund Trust IV, an Investment Company registered under the Investment Company Act of 1940. Unified Managed Account Program (UMA) Anchor Capital also participates in Unified Managed Account (UMA) programs. The "sponsors" of these programs contract directly with their clients to perform various types of investment management services. The UMA combines the investment expertise of asset managers, exchanged traded funds (“ETFs”), separately managed accounts and mutual funds into single portfolio services to their clients, where Anchor Capital participates in these programs with its Total Solution Portfolios (“Model Portfolios”). As part of this UMA, the adviser typically obtains the necessary financial data from the client, assists the client in determining the suitability of the program, assists the client in setting an appropriate investment objective and assists the client in opening an account. Anchor Capital generally applies the same investment philosophy and strategy for its Model Portfolios offered in the UMA program as is done for Anchor Capital's other clients, depending upon any restrictions, limitations, or specific directions that the sponsors or their clients give to us. It is the sponsors that have client authority to issue restrictions, limitations, specific directions, to purchase and sell securities on a discretionary or non-discretionary basis pursuant to the investment objective chosen by the sponsor’s client. For specific details regarding the managers, Anchor Capital recommends the clients review the individual companies ADV Part 2A brochure. We currently do not charge for any UMA platforms and receive compensation through management fees as the investment advisor of the Anchor Risk Managed Funds. (these Model Portfolios contain a percentage of Anchor Risk Managed Funds in their allocation). Serving as a Sub-Advisor Anchor Capital may from time to time participate and serve as a sub-advisor under other firms' advisory programs, including separately managed accounts (“SMA”). Anchor Capital may also from time to time participate as a registered sub-advisor for investment advisers of various mutual funds. Anchor Capital receives a fee for account management services provided to clients of outside firm as outlined in a sub-advisory agreement. This agreement may also outline items such as the advisory services to be provided, the responsibilities of Anchor Capital and the other firm, and the terms of engagement including, but not limited to, fees and termination. Responsibilities such as collecting the clients’ investment objectives, determining the strategy best suited for the clients, and communication with the clients will be the responsibility of the outside firm. Anchor Capital has no responsibility to assess the value of services provided by the outside firm; therefore, the clients should evaluate whether such a program is suitable for their needs and objectives, and whether comparable or similar services are available at a lower cost elsewhere. Tailored Relationships Anchor Capital also tailor’s proprietary investment strategies with traditional asset allocation methods to fit client needs based on investment objectives, current financial conditions, risk tolerance assessment and investment suitability of the clients.