NEUBERGER BERMAN ETF TRUST

Ticker: NBDS CUSIP: 64135A200 Class: DISRUPTERS ETF

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Increased Positions (5)

TFB Advisors LLC

Value ($000) $864 (+1.8%) Shares 24,367 (+4.4%)

NEUBERGER BERMAN GROUP LLC

Value ($000) $14,499 (+4.1%) Shares 408,938 (+6.3%)

Value ($000) $499 (+285.4%) Shares 14,069 (+293.6%)

Fortis Group Advisors, LLC

Value ($000) $240 (-7.4%) Shares 7,067 (+5.1%)

Value ($000) $10 (+859.0%) Shares 284 (+879.3%)

Institution	Prev Shares	Curr Shares	Change
TFB Advisors LLC	23,335	24,367	+1,032 (+4.4%)
NEUBERGER BERMAN GROUP LLC	384,791	408,938	+24,147 (+6.3%)
ASSETMARK, INC	3,574	14,069	+10,495 (+293.6%)
Fortis Group Advisors, LLC	6,724	7,067	+343 (+5.1%)
UBS Group AG	29	284	+255 (+879.3%)

Decreased Positions (3)

J.W. COLE ADVISORS, INC.

Value ($000) $1,646 (-21.4%) Shares 46,421 (-19.7%)

ROYAL BANK OF CANADA

Value ($000) $282 (-46.9%) Shares 7,967 (-45.6%)

LPL Financial LLC

Value ($000) $219 (-9.2%) Shares 6,188 (-7.2%)

Institution	Prev Shares	Curr Shares	Change
J.W. COLE ADVISORS, INC.	57,800	46,421	-11,379 (-19.7%)
ROYAL BANK OF CANADA	14,650	7,967	-6,683 (-45.6%)
LPL Financial LLC	6,669	6,188	-481 (-7.2%)

Exited Positions (1)

Steward Partners Investment Advisory, LLC

Value ($000) $1 Shares 36

Institution	Prev Shares	Prev Value ($000)
Steward Partners Investment Advisory, LLC	36	$1