0001506001
2025-08-31
2025-08-31
0001506001
nbetf:S000075396Member
2025-08-31
2025-08-31
0001506001
nbetf:S000075396Member
nbetf:C000234392Member
2025-08-31
2025-08-31
iso4217:USD
pure
<div style="text-align: justify; line-height: 12.55pt; font-family: 'Times New Roman',serif; font-size: 11pt;">
<table border="0" cellpadding="0" id="zd8a2cd2158fd4e67b91fd02686cf0175" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="width: 100%; border-bottom: 1px solid rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; text-align: left;"> <div> <div style="font-size: 11pt; font-weight: bold;">Neuberger Berman ETF Trust</div> <span style="font-weight: bold;"> </span> <div style="font-size: 11pt; text-align: justify; margin-left: 18pt; font-weight: bold;">Neuberger Disrupters ETF</div> <div style="font-size: 11pt; text-align: justify; margin-left: 18pt;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information, each dated December 18, 2025, as amended and supplemented</div> </div> </td> </tr> <tr> <td style="width: 100.00%;"> <div> </div> </td> </tr> </table>
</div>
<div style="text-align: justify; line-height: 12.55pt; font-family: 'Times New Roman',Times,serif; font-size: 11pt;">This supplement describes important changes affecting Neuberger Disrupters ETF (the “Fund”) effective immediately. If you have
any questions regarding these changes, please contact Neuberger Berman Investment Advisers LLC (“NBIA”) at 877-628-2583.</div><div><span style="line-height: 12.55pt; display: block;"><br/></span>
</div>
<div style="text-align: justify; line-height: 12.55pt; font-family: 'Times New Roman',serif; font-size: 11pt;"><span style="font-weight: bold;"><span style="text-decoration:underline">Increase of the Fund’s Contractual Management Fee Waiver</span>:</span> Effective immediately, the
Fund’s contractual management fee waiver will increase from 0.10% of the Fund’s average daily net assets to 0.25% of the Fund’s average daily net assets, as described below. As a result, effective immediately:</div><div style="line-height: 11.95pt; margin-top: 0.5pt;"><span style="line-height: 11.95pt; display: block;"><br/></span>
</div><div style="text-indent: 0.05pt; text-align: justify;"><span style="font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold; font-style: italic;">(2) The last paragraph in the “Management of the Fund <span style="background-color: rgb(255, 255, 255);">—</span> Investment Manager” section of the Fund’s Prospectus is hereby deleted in its
entirety and replaced with the following:</span></div><div style="line-height: 12.55pt;"><span style="line-height: 12.55pt; display: block;"><br/></span>
</div>
<div style="text-align: justify; line-height: 12.55pt; font-family: 'Times New Roman',serif; font-size: 11pt;">
<div style="margin-right: 108pt; margin-left: 60.4pt; line-height: 12.55pt;">Effective June 11, 2026, NBIA has contractually undertaken to waive its management fee by
0.25% of the Fund's average daily net assets until 4/8/2028. Prior to June 11, 2026, NBIA had contractually undertaken to waive its management fee by 0.10% of the Fund's average daily net assets.</div>
</div><div style="line-height: 12.55pt;"><span style="line-height: 12.55pt; display: block;"><br/></span>
</div><div style="text-align: justify;"><span style="font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold; font-style: italic;">(3) The disclosure regarding the Fund’s contractual expense limitation arrangement in the “Investment Management and Administration Services <span style="background-color: rgb(255, 255, 255);">—</span> Contractual
Expense Limitation and Fee Waivers” section of the Statement of Additional Information is hereby deleted and replaced with the following:</span></div><div style="line-height: 13.7pt;"><span style="line-height: 13.7pt; display: block;"><br/></span>
</div>
<div style="text-align: justify; line-height: 12.55pt; font-family: 'Times New Roman',serif; font-size: 11pt;">
<div style="margin-right: 108pt; margin-left: 60.4pt; line-height: 12.55pt; text-indent: 36pt;">For Neuberger <span style="font-weight: bold;">Disrupters ETF</span>, NBIA has contractually undertaken to waive its management fee by 0.25% of the Fund’s average daily net assets. The undertaking lasts until April 8, 2028 and may not be
terminated during its term without the consent of the Board. Prior to June 11, 2026, NBIA had contractually undertaken to waive its management fee by 0.10% of the Fund's average daily net assets.</div>
</div><div style="line-height: 13.7pt;"><span style="line-height: 13.7pt; display: block;"><br/></span>
</div>
<div style="line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">The date of this supplement is June 11, 2026.</div><div style="line-height: 12.55pt;"><span style="line-height: 12.55pt; display: block;"><br/></span>
</div>
<div style="line-height: 12.55pt; margin-top: 6.05pt; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold; text-align: center;">Please retain this supplement for future reference.</div><div style="line-height: 12.55pt; margin-top: 6.05pt; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold; text-align: center;"><br/>
</div><table style="font-size: 10pt; width:100%;"><tr style="height: 0px; font-size: 0px;"><td style="width: 60%;"></td><td style="width: 40%;"></td></tr><tr><td> </td><td style="font-size: 11pt; font-family: TimesNewRoman, "Times New Roman", Times, Baskerville, Georgia, serif; font-weight: bold;">Neuberger Berman Investment Advisers LLC</td></tr><tr><td> </td><td style="font-size: 11pt; font-family: TimesNewRoman, "Times New Roman", Times, Baskerville, Georgia, serif;"><span style="letter-spacing: normal; text-align: start; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1290 Avenue of the Americas</span></td></tr><tr><td> </td><td style="font-size: 11pt; font-family: TimesNewRoman, "Times New Roman", Times, Baskerville, Georgia, serif;"><span style="letter-spacing: normal; text-align: start; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">New York, NY 10104</span></td></tr><tr><td> </td><td style="font-size: 11pt; font-family: TimesNewRoman, "Times New Roman", Times, Baskerville, Georgia, serif;"><span style="letter-spacing: normal; text-align: start; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">877.628.2583</span></td></tr><tr><td> </td><td style="font-size: 11pt; font-family: TimesNewRoman, "Times New Roman", Times, Baskerville, Georgia, serif; font-weight: bold;"><span style="letter-spacing: normal; text-align: start; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span>www.nb.com</span></span></td></tr></table>
Neuberger Berman ETF Trust
2025-12-18
(1) The fee table and expense example included in the Fund’s Summary Prospectus and Prospectus are hereby deleted and replaced with the following:
<table border="0" cellpadding="2" id="z3b2b20d28dfd43768a530874f1034d0c" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 73.48%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;"><span style="font-weight: bold;">Shareholder Fees</span> <span style="font-style: italic;">(fees paid directly from your investment)</span></div> </td> <td style="width: 26.52%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif; font-size: 11pt; text-align: center;">None</div> </td> </tr> <tr> <td style="width: 73.48%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;"><span style="font-weight: bold;">Annual Fund Operating Expenses</span> <span style="font-style: italic;">(expenses that you pay each year as a % of the value of your investment)</span></div> </td> <td style="width: 26.52%; vertical-align: top; border-width: 0.5pt; border-style: solid; border-color: rgb(0, 0, 0); text-align: center;"> </td> </tr> <tr> <td style="width: 73.48%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Management fees</div> </td> <td style="width: 26.52%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif; font-size: 11pt; text-align: center;">0.65</div> </td> </tr> <tr> <td style="width: 73.48%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Other expenses</div> </td> <td style="width: 26.52%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif; font-size: 11pt; text-align: center;">0.00</div> </td> </tr> <tr> <td style="width: 73.48%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Total annual operating expenses</div> </td> <td style="width: 26.52%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif; font-size: 11pt; text-align: center;">0.65</div> </td> </tr> <tr> <td style="width: 73.48%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Fee waivers and/or expense reimbursement<span style="font-size: 10pt;"><sup>1</sup></span></div> </td> <td style="width: 26.52%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif; font-size: 11pt; text-align: center;">0.25</div> </td> </tr> <tr> <td style="width: 73.48%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Total annual operating expenses after fee waivers and/or expense reimbursement<span style="font-size: 10pt;"><sup>2</sup></span></div> </td> <td style="width: 26.52%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif; font-size: 11pt; text-align: center;">0.40</div> </td> </tr> </table><div style="line-height: 5.7pt;"><span style="line-height: 5.7pt; display: block;"><br/></span>
</div>
<div style="text-align : justify; line-height : 10.85pt; font-family : "Times New Roman", serif; font-size : 9.5pt; "><sup>1</sup>“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.</div>
<div style="text-align : justify; line-height : 10.85pt; font-family : "Times New Roman", serif; font-size : 9.5pt; "><sup>2</sup>Neuberger 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.</div>
<table border="0" cellpadding="2" id="z3b2b20d28dfd43768a530874f1034d0c" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 73.48%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;"><span style="font-weight: bold;">Shareholder Fees</span> <span style="font-style: italic;">(fees paid directly from your investment)</span></div> </td> <td style="width: 26.52%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif; font-size: 11pt; text-align: center;">None</div> </td> </tr> <tr> <td style="width: 73.48%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;"><span style="font-weight: bold;">Annual Fund Operating Expenses</span> <span style="font-style: italic;">(expenses that you pay each year as a % of the value of your investment)</span></div> </td> <td style="width: 26.52%; vertical-align: top; border-width: 0.5pt; border-style: solid; border-color: rgb(0, 0, 0); text-align: center;"> </td> </tr> <tr> <td style="width: 73.48%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Management fees</div> </td> <td style="width: 26.52%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif; font-size: 11pt; text-align: center;">0.65</div> </td> </tr> <tr> <td style="width: 73.48%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Other expenses</div> </td> <td style="width: 26.52%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif; font-size: 11pt; text-align: center;">0.00</div> </td> </tr> <tr> <td style="width: 73.48%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Total annual operating expenses</div> </td> <td style="width: 26.52%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif; font-size: 11pt; text-align: center;">0.65</div> </td> </tr> <tr> <td style="width: 73.48%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Fee waivers and/or expense reimbursement<span style="font-size: 10pt;"><sup>1</sup></span></div> </td> <td style="width: 26.52%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif; font-size: 11pt; text-align: center;">0.25</div> </td> </tr> <tr> <td style="width: 73.48%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Total annual operating expenses after fee waivers and/or expense reimbursement<span style="font-size: 10pt;"><sup>2</sup></span></div> </td> <td style="width: 26.52%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif; font-size: 11pt; text-align: center;">0.40</div> </td> </tr> </table><div style="line-height: 5.7pt;"><span style="line-height: 5.7pt; display: block;"><br/></span>
</div>
<div style="text-align : justify; line-height : 10.85pt; font-family : "Times New Roman", serif; font-size : 9.5pt; "><sup>1</sup>“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.</div>
<div style="text-align : justify; line-height : 10.85pt; font-family : "Times New Roman", serif; font-size : 9.5pt; "><sup>2</sup>Neuberger 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.</div>
Shareholder Fees (fees paid directly from your investment)
0
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)
0.0065
0
0.0065
-0.0025
0.004
“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.
2028-04-08
Expense Example
<div style="text-align : justify; line-height : 12.55pt; font-family : "Times New Roman", serif; font-size : 11pt; ">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.</div>
<table border="0" cellpadding="2" id="z81c09d677dfb4388bffe1a419bba67de" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000; border-spacing: 0px;">
<tr>
<td style="width: 25%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;">
<div style="text-align: center; line-height: 11.45pt; font-family: 'Times New Roman',serif; font-weight: bold; font-size: 11pt;">1 Year</div>
</td>
<td style="width: 25%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;">
<div style="text-align: center; line-height: 11.45pt; font-family: 'Times New Roman',serif; font-weight: bold; font-size: 11pt;">3 Years</div>
</td>
<td style="width: 25%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;">
<div style="text-align: center; line-height: 11.45pt; font-family: 'Times New Roman',serif; font-weight: bold; font-size: 11pt;">5 Years</div>
</td>
<td style="width: 25%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;">
<div style="text-align: center; line-height: 11.45pt; font-family: 'Times New Roman',serif; font-weight: bold; font-size: 11pt;">10 Years</div>
</td>
</tr>
<tr>
<td style="width: 25%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="text-align: center; line-height: 11.65pt; font-family: 'Times New Roman', serif; font-size: 11pt;">$41</div> </td>
<td style="width: 25%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="text-align: center; line-height: 11.65pt; font-family: 'Times New Roman', serif; font-size: 11pt;">$163</div> </td>
<td style="width: 25%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="text-align: center; line-height: 11.65pt; font-family: 'Times New Roman', serif; font-size: 11pt;">$318</div> </td>
<td style="width: 25%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.50pt solid;"> <div style="text-align: center; line-height: 11.65pt; font-family: 'Times New Roman', serif; font-size: 11pt;">$768</div> </td>
</tr>
</table>
41
163
318
768
497
N-1A
0001506001
false
2025-08-31