VANECK ETF TRUST

Ticker: BIZD CUSIP: 92189F411 Class: BDC INCOME ETF

Sherman Asset Management, Inc.'s Holding History (CIK: 0001736535)

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

Q4 2025

Shares 3,508 Value ($000) $50 Avg Close — Range —

Q3 2025

Shares 3,508 Value ($000) $52 Avg Close — Range —

Q2 2025

Shares 3,508 Value ($000) $57 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	3,508	$50	—	—
Q3 2025	3,508	$52	—	—
Q2 2025	3,508	$57	—	—