Neuberger Berman ETF Trust

12/15/2025 | Press release | Distributed by Public on 12/15/2025 15:43

Summary Prospectus by Investment Company (Form 497K)


Neuberger Berman ETF Trust®
Neuberger Berman Total Return Bond ETF
Supplement to the Summary Prospectus, Prospectus, and the Statement of Additional Information, each dated February 28, 2025, as each may be amended and supplemented

Thanos Bardas, Co-Head of Global Investment Grade Fixed Income and co-portfolio manager of Neuberger Berman Total Return Bond ETF (the "Fund") will retire from the firm on or about December 31, 2026. Mr. Bardas will cease his portfolio management responsibilities at that time.

David M. Brown, who has been the Co-Head of Global Investment Grade Fixed Income since 2018, will assume the role of Head of Global Investment Grade Fixed Income effective December 31, 2026.

Mr. Brown, Nathan Kush, and Olumide Owolabi, who have been co-portfolio managers of the Fund since its inception in December 2024, remain co-portfolio managers of the Fund.

The date of this supplement is December 15, 2025.

Please retain this supplement for future reference.

Neuberger Berman Investment Advisers LLC
1290 Avenue of the Americas
New York, NY 10104
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800.877.9700
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800.366.6264
www.nb.com

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