Fees and Expenses - Neuberger Disrupters ETF

Aug. 31, 2025

(1) The fee table and expense example included in the Fund’s Summary Prospectus and Prospectus are hereby deleted and replaced with the following:

Expenses Restated to Reflect Current [Text]

“Fee waivers and/or expense reimbursement” have been restated to reflect the Fee Waiver as described in footnote 2 below, which is higher than the prior contractual fee waiver.

Shareholder Fees Caption [Optional Text]

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees [Table]

Shareholder Fees (fees paid directly from your investment)	None
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)
Management fees	0.65
Other expenses	0.00
Total annual operating expenses	0.65
Fee waivers and/or expense reimbursement¹	0.25
Total annual operating expenses after fee waivers and/or expense reimbursement²	0.40

¹“Fee waivers and/or expense reimbursement” have been restated to reflect the Fee Waiver as described in footnote 2 below, which is higher than the prior contractual fee waiver.

²Neuberger Berman Investment Advisers LLC (“NBIA” or the “Manager”) has contractually undertaken to waive its management fee by 0.25% of the Fund’s average daily net assets (“Fee Waiver”). The undertaking lasts until 4/8/2028 and may not be terminated during its term without the consent of the Board of Trustees.

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)

Annual Fund Operating Expenses [Table]

Shareholder Fees (fees paid directly from your investment)	None
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)
Management fees	0.65
Other expenses	0.00
Total annual operating expenses	0.65
Fee waivers and/or expense reimbursement¹	0.25
Total annual operating expenses after fee waivers and/or expense reimbursement²	0.40

¹“Fee waivers and/or expense reimbursement” have been restated to reflect the Fee Waiver as described in footnote 2 below, which is higher than the prior contractual fee waiver.

Expense Example [Heading]

Expense Example

Expense Example Narrative [Text Block]

The expense example can help you compare costs among funds. The example assumes that you invested $10,000 for the periods shown, that you redeemed all of your shares at the end of those periods, that the Fund earned a hypothetical 5% total return each year, and that the Fund's expenses were those in the table. Actual performance and expenses may be higher or lower.

Expense Example, With Redemption [Table]

1 Year	3 Years	5 Years	10 Years
$41	$163	$318	$768