# EDGAR Filing Document

**Accession Number:** 0001843181
**File Stem:** 0001410368-25-009376
**Filing Date:** 2025-9
**Character Count:** 130565
**Document Hash:** a98159db893e9d6f9197b60df586bd7b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-009376.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-009376

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Neuberger Berman Next Generation Connectivity Fund Inc.
- **CENTRAL INDEX KEY:** 0001843181

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23635
- **FILM NUMBER:** 251337491

**BUSINESS ADDRESS:**
- **STREET 1:** 1290 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10104
- **BUSINESS PHONE:** 212-476-9000

**MAIL ADDRESS:**
- **STREET 1:** 1290 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Neuberger Berman 5G Connectivity Fund Inc.
- **DATE OF NAME CHANGE:** 20210128

## Nport-Ex

Consolidated Schedule of Investments Next Generation Connectivity Fund Inc.^ (Unaudited)

July 31, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Common Stocks 89.2%** | **Common Stocks 89.2%** | **Common Stocks 89.2%** |
| **Biotechnology 0.3%** | **Biotechnology 0.3%** | **Biotechnology 0.3%** |
| 154300 | Caris Life Sciences, Inc. | &nbsp;&nbsp; **$4332744**<br> <sup>\*</sup><br>|
| **Broadline Retail 6.4%** | **Broadline Retail 6.4%** | **Broadline Retail 6.4%** |
| 349323 | Amazon.com, Inc. | &nbsp;&nbsp; **81780007**<br> <sup>\*(a)</sup><br>|
| **Capital Markets 3.9%** | **Capital Markets 3.9%** | **Capital Markets 3.9%** |
| 485117 | Robinhood Markets, Inc. Class A | &nbsp;&nbsp; **49991307**<br> <sup>\*</sup><br>|
| **Communications Equipment 3.8%** | **Communications Equipment 3.8%** | **Communications Equipment 3.8%** |
| 80009 | Arista Networks, Inc. | &nbsp;&nbsp; 9858709<br> <sup>\*</sup><br>|
| 390582 | Cisco Systems, Inc. | &nbsp;&nbsp; 26590823 |
| 111413 | Lumentum Holdings, Inc. | &nbsp;&nbsp; 12264343<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **48713875** |
| **Consumer Staples Distribution & Retail 0.3%** | **Consumer Staples Distribution & Retail 0.3%** | **Consumer Staples Distribution & Retail 0.3%** |
| 73181 | Maplebear, Inc. | &nbsp;&nbsp; **3510493**<br> <sup>\*</sup><br>|
| **Diversified Telecommunication Services 3.1%** | **Diversified Telecommunication Services 3.1%** | **Diversified Telecommunication Services 3.1%** |
| 1474752 | AT&T, Inc. | &nbsp;&nbsp; **40422952** |
| **Entertainment 12.1%** | **Entertainment 12.1%** | **Entertainment 12.1%** |
| 217966 | Live Nation Entertainment, Inc. | &nbsp;&nbsp; 32193578<br> <sup>\*</sup><br>|
| 22177 | Netflix, Inc. | &nbsp;&nbsp; 25712014<br> <sup>\*</sup><br>|
| 145100 | Nintendo Co. Ltd. | &nbsp;&nbsp; 12127296 |
| 104685 | Sea Ltd. ADR | &nbsp;&nbsp; 16398905<br> <sup>\*</sup><br>|
| 18725 | Spotify Technology SA | &nbsp;&nbsp; 11731961<br> <sup>\*</sup><br>|
| 51957 | Take-Two Interactive Software, Inc. | &nbsp;&nbsp; 11572383<br> <sup>\*</sup><br>|
| 94727 | TKO Group Holdings, Inc. | &nbsp;&nbsp; 15915083 |
| 161462 | Walt Disney Co. | &nbsp;&nbsp; 19231739 |
| 765260 | Warner Bros Discovery, Inc. | &nbsp;&nbsp; 10078474<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **154961433** |
| **Financial Services 1.2%** | **Financial Services 1.2%** | **Financial Services 1.2%** |
| 5392 | Adyen NV | &nbsp;&nbsp; 9248092<br> <sup>\*(b)</sup><br>|
| 46266 | Fiserv, Inc. | &nbsp;&nbsp; 6428198<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **15676290** |
| **Ground Transportation 1.0%** | **Ground Transportation 1.0%** | **Ground Transportation 1.0%** |
| 149723 | Uber Technologies, Inc. | &nbsp;&nbsp; **13138193**<br> <sup>\*</sup><br>|
| **Health Care Equipment & Supplies 1.4%** | **Health Care Equipment & Supplies 1.4%** | **Health Care Equipment & Supplies 1.4%** |
| 36728 | Intuitive Surgical, Inc. | &nbsp;&nbsp; **17669473**<br> <sup>\*</sup><br>|
| **Hotels, Restaurants & Leisure 3.1%** | **Hotels, Restaurants & Leisure 3.1%** | **Hotels, Restaurants & Leisure 3.1%** |
| 70116 | DoorDash, Inc. Class A | &nbsp;&nbsp; 17546529<br> <sup>\*</sup><br>|
| 506471 | DraftKings, Inc. Class A | &nbsp;&nbsp; 22811454<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **40357983** |
| **Insurance 2.0%** | **Insurance 2.0%** | **Insurance 2.0%** |
| 72427 | Aon PLC Class A | &nbsp;&nbsp; **25763008** |
| **Interactive Media & Services 7.2%** | **Interactive Media & Services 7.2%** | **Interactive Media & Services 7.2%** |
| 103248 | Meta Platforms, Inc. Class A | &nbsp;&nbsp; 79856133<br> <sup>(a)</sup><br>|

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Next Generation Connectivity Fund Inc.^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Interactive Media & Services – cont'd** | **Interactive Media & Services – cont'd** | **Interactive Media & Services – cont'd** |
| 83210 | Reddit, Inc. Class A | &nbsp;&nbsp; $13362694<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **93218827** |
| **IT Services 3.8%** | **IT Services 3.8%** | **IT Services 3.8%** |
| 150448 | GoDaddy, Inc. Class A | &nbsp;&nbsp; 24309388<br> <sup>\*</sup><br>|
| 53462 | International Business Machines Corp. | &nbsp;&nbsp; 13533905 |
| 82185 | Twilio, Inc. Class A | &nbsp;&nbsp; 10601865<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **48445158** |
| **Professional Services 0.4%** | **Professional Services 0.4%** | **Professional Services 0.4%** |
| 11947 | CACI International, Inc. Class A | &nbsp;&nbsp; **5502430**<br> <sup>\*</sup><br>|
| **Semiconductors & Semiconductor Equipment 19.9%** | **Semiconductors & Semiconductor Equipment 19.9%** | **Semiconductors & Semiconductor Equipment 19.9%** |
| 286546 | Allegro MicroSystems, Inc. | &nbsp;&nbsp; 9000410<br> <sup>\*</sup><br>|
| 11336 | Analog Devices, Inc. | &nbsp;&nbsp; 2546406 |
| 27980 | ASML Holding NV | &nbsp;&nbsp; 19437986 |
| 82659 | Broadcom, Inc. | &nbsp;&nbsp; 24276948 |
| 228013 | Credo Technology Group Holding Ltd. | &nbsp;&nbsp; 25434850<br> <sup>\*</sup><br>|
| 172563 | Lam Research Corp. | &nbsp;&nbsp; 16365875 |
| 262000 | MediaTek, Inc. | &nbsp;&nbsp; 11864556 |
| 59841 | Micron Technology, Inc. | &nbsp;&nbsp; 6531047 |
| 273951 | NVIDIA Corp. | &nbsp;&nbsp; 48727664 |
| 91115 | SK Hynix, Inc. | &nbsp;&nbsp; 17659527 |
| 205351 | Taiwan Semiconductor Manufacturing Co. Ltd. ADR | &nbsp;&nbsp; 49616909 |
| 135065 | Texas Instruments, Inc. | &nbsp;&nbsp; 24454869 |
|  |  | &nbsp;&nbsp; **255917047** |
| **Software 16.2%** | **Software 16.2%** | **Software 16.2%** |
| 25540 | AppLovin Corp. Class A | &nbsp;&nbsp; 9978478<br> <sup>\*</sup><br>|
| 1727273 | Arctic Wolf Networks, Inc. | &nbsp;&nbsp; 19506094<br> <sup>\*#(c)(d)</sup><br>|
| 14241 | Circle Internet Group, Inc. | &nbsp;&nbsp; 2613508<br> <sup>\*</sup><br>|
| 18519 | Fair Isaac Corp. | &nbsp;&nbsp; 26606618<br> <sup>\*</sup><br>|
| 1456020 | Grammarly, Inc. Class A | &nbsp;&nbsp; 20602683<br> <sup>\*#(c)(d)</sup><br>|
| 30635 | HubSpot, Inc. | &nbsp;&nbsp; 15919478<br> <sup>\*</sup><br>|
| 71084 | Microsoft Corp. | &nbsp;&nbsp; 37923314 |
| 88451 | Monday.com Ltd. | &nbsp;&nbsp; 23199813<br> <sup>\*</sup><br>|
| 64906 | Oracle Corp. | &nbsp;&nbsp; 16471195 |
| 84075 | Palo Alto Networks, Inc. | &nbsp;&nbsp; 14595420<br> <sup>\*</sup><br>|
| 39269 | Salesforce, Inc. | &nbsp;&nbsp; 10144361 |
| 10948 | ServiceNow, Inc. | &nbsp;&nbsp; 10325278<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **207886240** |
| **Specialty Retail 1.5%** | **Specialty Retail 1.5%** | **Specialty Retail 1.5%** |
| 520632 | Chewy, Inc. Class A | &nbsp;&nbsp; **19107194**<br> <sup>\*</sup><br>|
| **Wireless Telecommunication Services 1.6%** | **Wireless Telecommunication Services 1.6%** | **Wireless Telecommunication Services 1.6%** |
| 83951 | T-Mobile U.S., Inc. | &nbsp;&nbsp; **20014758** |
| **Total Common Stocks (Cost $922,972,911)** | **Total Common Stocks (Cost $922,972,911)** | &nbsp;&nbsp; **1146409412** |
| **Preferred Stocks 7.7%** | **Preferred Stocks 7.7%** | **Preferred Stocks 7.7%** |
| **Entertainment 2.5%** | **Entertainment 2.5%** | **Entertainment 2.5%** |
| 219568 | A24 Films LLC<sup>(e)</sup> | &nbsp;&nbsp; **32159730**<br> <sup>\*#(c)(d)</sup><br>|

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Next Generation Connectivity Fund Inc.^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Software 3.5%** | **Software 3.5%** | **Software 3.5%** |
| 27042 | Celonis SE, Series D | &nbsp;&nbsp; $9999861<br> <sup>\*#(c)(d)</sup><br>|
| 1009513 | Cybereason, Inc., Series F | &nbsp;&nbsp; 504757<br> <sup>\*#(c)(d)</sup><br>|
| 118080 | Cybereason, Inc., Series H | &nbsp;&nbsp; 205158<br> <sup>\*#(c)(d)</sup><br>|
| 451510 | Grammarly, Inc., Series 3 | &nbsp;&nbsp; 12118528<br> <sup>\*#(c)(d)</sup><br>|
| 1393993 | Videoamp, Inc., Series F1 | &nbsp;&nbsp; 21999998<br> <sup>\*#(c)(d)</sup><br>|
|  |  | &nbsp;&nbsp; **44828302** |
| **Specialty Retail 1.7%** | **Specialty Retail 1.7%** | **Specialty Retail 1.7%** |
| 14659 | Fabletics LLC, Series G | &nbsp;&nbsp; 16860782<br> <sup>\*#(c)(d)</sup><br>|
| 28112 | Savage X Fenty, Series C1 | &nbsp;&nbsp; 67617<br> <sup>\*#(c)(d)</sup><br>|
| 364903 | Savage X Fenty, Series D | &nbsp;&nbsp; 4313774<br> <sup>\*#(c)(d)</sup><br>|
|  |  | &nbsp;&nbsp; **21242173** |
| **Total Preferred Stocks (Cost $94,416,567)** | **Total Preferred Stocks (Cost $94,416,567)** | &nbsp;&nbsp; **98230205** |
| **Principal Amount** | **Principal Amount** |  |
| **Convertible Bonds 0.5%** | **Convertible Bonds 0.5%** | **Convertible Bonds 0.5%** |
| **Software 0.5%** | **Software 0.5%** |  |
| $5000 | &nbsp;&nbsp; Arctic Wolf Networks, Inc., 0.00% Cash/3.00% PIK, due 9/29/2027 <br>**(Cost $5,000,000)**<br>| &nbsp;&nbsp; **6500000**<br> <sup>#(c)(d)(f)</sup><br>|
| **Number of Shares** | **Number of Shares** |  |
| **Short-Term Investments 3.8%** | **Short-Term Investments 3.8%** | **Short-Term Investments 3.8%** |
| **Investment Companies 3.8%** | **Investment Companies 3.8%** | **Investment Companies 3.8%** |
| 49295224 | &nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund Premier Class, 4.25%<sup>(g)</sup> <br>**(Cost $49,295,224)**<br>| &nbsp;&nbsp; **49295224** |
| **Total Investments 101.2% (Cost $1,071,684,702)** | **Total Investments 101.2% (Cost $1,071,684,702)** | &nbsp;&nbsp; **1300434841** |
| Liabilities Less Other Assets (1.2)% | Liabilities Less Other Assets (1.2)% | &nbsp;&nbsp; (15407678)<sup>(h)</sup><br>|
| **Net Assets Applicable to Common Stockholders 100.0%** | **Net Assets Applicable to Common Stockholders 100.0%** | &nbsp;&nbsp; **$1285027163** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

(a) All or a portion of this security is pledged as collateral for options written.

(b) Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States and do not involve directed selling efforts in the United States and as such may have restrictions on resale. Total value of all such securities at July 31, 2025 amounted to $9,248,092, which represents 0.7% of net assets applicable to common stockholders of the Fund. 

(c) Value determined using significant unobservable inputs.

(d) Security fair valued as of July 31, 2025 in accordance with procedures approved by the valuation designee. Total value of all such securities at July 31, 2025 amounted to $144,838,982, which represents 11.3% of net assets applicable to common stockholders of the Fund. 

(e) Security represented in Units.

(f) Payment-in-kind (PIK) security.

(g) Represents 7-day effective yield as of July 31, 2025.

(h) Includes the impact of the Fund's open positions in derivatives at July 31, 2025.

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Next Generation Connectivity Fund Inc.^ (Unaudited) (cont'd)

# This security is subject to restrictions on resale. Total value of all such securities at July 31, 2025 amounted to $144,838,982, which represents 11.3% of net assets applicable to common stockholders of the Fund. Acquisition dates shown with a range, if any, represent securities that were acquired over the period shown in the table.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Security** | **Acquisition** <br>**Date(s)**<br>| **Acquisition** <br>**Cost**<br>| **Value as of** <br>**7/31/2025**<br>| **Fair Value** <br>**Percentage** <br>**of Net Assets** <br>**Applicable** <br>**to Common** <br>**Stockholders** <br>**as of** <br>**7/31/2025**<br>|
| A24 Films LLC (Preferred Units) | 2/25/2022 | &nbsp;&nbsp; $25000012 | &nbsp;&nbsp; $32159730 | &nbsp;&nbsp; 2.5% |
| Arctic Wolf Networks, Inc. | 12/31/2021 | &nbsp;&nbsp; 19000003 | &nbsp;&nbsp; 19506094 | &nbsp;&nbsp; 1.5% |
| Arctic Wolf Networks, Inc. (Convertible Bonds) | 9/30/2022 | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 6500000 | &nbsp;&nbsp; 0.5% |
| Celonis SE (Series D Preferred Shares) | 10/5/2022 | &nbsp;&nbsp; 9999477 | &nbsp;&nbsp; 9999861 | &nbsp;&nbsp; 0.8% |
| Cybereason, Inc. (Series F Preferred Shares) | 7/13/2021 | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 504757 | &nbsp;&nbsp; 0.1% |
| Cybereason, Inc. (Series H Preferred Shares) | 4/30/2025 | &nbsp;&nbsp; 74602 | &nbsp;&nbsp; 205158 | &nbsp;&nbsp; 0.0% |
| Fabletics LLC (Series G Preferred Shares) | 1/10/2022 | &nbsp;&nbsp; 14659000 | &nbsp;&nbsp; 16860782 | &nbsp;&nbsp; 1.3% |
| Grammarly, Inc. (Series 3 Preferred Shares) | 12/23/2021 | &nbsp;&nbsp; 11834935 | &nbsp;&nbsp; 12118528 | &nbsp;&nbsp; 0.9% |
| Grammarly, Inc. Class A | 12/23/2021 | &nbsp;&nbsp; 38165051 | &nbsp;&nbsp; 20602683 | &nbsp;&nbsp; 1.6% |
| Savage X Fenty (Series C1 Preferred Shares) | 3/5/2025 | &nbsp;&nbsp; 4999993 | &nbsp;&nbsp; 67617 | &nbsp;&nbsp; 0.0% |
| Savage X Fenty (Series D Preferred Shares) | 2/24/2025-3/5/2025 | &nbsp;&nbsp; 848551 | &nbsp;&nbsp; 4313774 | &nbsp;&nbsp; 0.4% |
| Videoamp, Inc. (Series F1 Preferred Shares) | 1/4/2022 | &nbsp;&nbsp; 21999998 | &nbsp;&nbsp; 21999998 | &nbsp;&nbsp; 1.7% |
| **Total** |  | &nbsp;&nbsp; **$156581622** | &nbsp;&nbsp; **$144838982** | &nbsp;&nbsp; **11.3%** |

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Next Generation Connectivity Fund Inc.^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **POSITIONS BY COUNTRY** | **POSITIONS BY COUNTRY** | **POSITIONS BY COUNTRY** |
| **Country** | **Investments at** <br>**Value**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Percentage of Net** <br>**Assets Applicable** <br>**to Common** <br>**Stockholders**<br>|
| United States | $1105785936 | 86.1% |
| Taiwan | 61481465 | 4.8% |
| Netherlands | 28686078 | 2.2% |
| Japan | 21127706 | 1.6% |
| Korea | 17659527 | 1.4% |
| Singapore | 16398905 | 1.3% |
| Short-Term Investments and Other Liabilities—Net | 33887546 | 2.6% |
|  | **$1285027163** | **100.0%** |

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Next Generation Connectivity Fund Inc.^ (Unaudited) (cont'd)

Derivative Instruments

**Written option contracts ("options written")**

At July 31, 2025, the Fund had outstanding options written as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of** <br>**Contracts**<br>| **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **Calls** | **Calls** | **Calls** | **Calls** | **Calls** | **Calls** |
| **Broadline Retail** | **Broadline Retail** | **Broadline Retail** | **Broadline Retail** | **Broadline Retail** | **Broadline Retail** |
| Amazon.com, Inc. | &nbsp;&nbsp;&nbsp; 142 | &nbsp;&nbsp; $(3324362) | &nbsp;&nbsp; $250 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp; **$(35926)** |
| **Capital Markets** | **Capital Markets** | **Capital Markets** | **Capital Markets** | **Capital Markets** | **Capital Markets** |
| Robinhood Markets, Inc. | &nbsp;&nbsp;&nbsp; 310 | &nbsp;&nbsp; (3194550) | &nbsp;&nbsp;&nbsp; 137 | &nbsp;&nbsp; 8/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (310) |
| Robinhood Markets, Inc. | &nbsp;&nbsp;&nbsp; 303 | &nbsp;&nbsp; (3122415) | &nbsp;&nbsp;&nbsp; 140 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1667) |
|  |  |  |  |  | &nbsp;&nbsp; **(1977)** |
| **Communications Equipment** | **Communications Equipment** | **Communications Equipment** | **Communications Equipment** | **Communications Equipment** | **Communications Equipment** |
| Arista Networks, Inc. | &nbsp;&nbsp;&nbsp; 288 | &nbsp;&nbsp; (3548736) | &nbsp;&nbsp;&nbsp; 135 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (55440) |
| Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp; 474 | &nbsp;&nbsp; (3226992) | &nbsp;&nbsp;&nbsp;&nbsp; 74 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13272) |
| Lumentum Holdings, Inc. | &nbsp;&nbsp;&nbsp; 309 | &nbsp;&nbsp; (3401472) | &nbsp;&nbsp;&nbsp; 125 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (65662) |
|  |  |  |  |  | &nbsp;&nbsp; **(134374)** |
| **Diversified Telecommunication Services** | **Diversified Telecommunication Services** | **Diversified Telecommunication Services** | **Diversified Telecommunication Services** | **Diversified Telecommunication Services** | **Diversified Telecommunication Services** |
| AT&T, Inc. | &nbsp;&nbsp; 1168 | &nbsp;&nbsp; (3201488) | &nbsp;&nbsp;&nbsp;&nbsp; 30 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp; **(1168)** |
| **Entertainment** | **Entertainment** | **Entertainment** | **Entertainment** | **Entertainment** | **Entertainment** |
| Live Nation Entertainment, Inc. | &nbsp;&nbsp;&nbsp; 217 | &nbsp;&nbsp; (3205090) | &nbsp;&nbsp;&nbsp; 165 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13020) |
| Netflix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp; (3014440) | &nbsp;&nbsp; 1345 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1066) |
| Sea Ltd. | &nbsp;&nbsp;&nbsp; 208 | &nbsp;&nbsp; (3258320) | &nbsp;&nbsp;&nbsp; 175 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4576) |
| Spotify Technology SA | &nbsp;&nbsp;&nbsp;&nbsp; 46 | &nbsp;&nbsp; (2882084) | &nbsp;&nbsp;&nbsp; 850 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (92)<sup>(a)(b)</sup> |
| Take-Two Interactive Software, Inc. | &nbsp;&nbsp;&nbsp; 139 | &nbsp;&nbsp; (3095947) | &nbsp;&nbsp;&nbsp; 260 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9035)<sup>(a)(b)</sup> |
| TKO Group Holdings, Inc. | &nbsp;&nbsp;&nbsp; 193 | &nbsp;&nbsp; (3242593) | &nbsp;&nbsp;&nbsp; 185 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19300) |
| TKO Group Holdings, Inc. | &nbsp;&nbsp;&nbsp; 191 | &nbsp;&nbsp; (3208991) | &nbsp;&nbsp;&nbsp; 190 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10505) |
| Walt Disney Co. | &nbsp;&nbsp;&nbsp; 267 | &nbsp;&nbsp; (3180237) | &nbsp;&nbsp;&nbsp; 135 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7877) |
| Walt Disney Co. | &nbsp;&nbsp;&nbsp; 538 | &nbsp;&nbsp; (6408118) | &nbsp;&nbsp;&nbsp; 133 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27976) |
| Warner Bros Discovery, Inc. | &nbsp;&nbsp; 2539 | &nbsp;&nbsp; (3343863) | &nbsp;&nbsp; 14.5 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (31737) |
|  |  |  |  |  | &nbsp;&nbsp; **(125184)** |
| **Financial Services** | **Financial Services** | **Financial Services** | **Financial Services** | **Financial Services** | **Financial Services** |
| Fiserv, Inc. | &nbsp;&nbsp;&nbsp; 196 | &nbsp;&nbsp; (2723224) | &nbsp;&nbsp;&nbsp; 185 | &nbsp;&nbsp; 8/8/2025 | **(980)**<sup>(a)(b)</sup> |
| **Ground Transportation** | **Ground Transportation** | **Ground Transportation** | **Ground Transportation** | **Ground Transportation** | **Ground Transportation** |
| Uber Technologies, Inc. | &nbsp;&nbsp;&nbsp; 356 | &nbsp;&nbsp; (3123900) | &nbsp;&nbsp;&nbsp; 105 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp; **(5518)** |
| **Health Care Equipment & Supplies** | **Health Care Equipment & Supplies** | **Health Care Equipment & Supplies** | **Health Care Equipment & Supplies** | **Health Care Equipment & Supplies** | **Health Care Equipment & Supplies** |
| Intuitive Surgical, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 63 | &nbsp;&nbsp; (3030867) | &nbsp;&nbsp;&nbsp; 585 | &nbsp;&nbsp; 8/8/2025 | **(630)** |

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Next Generation Connectivity Fund Inc.^ (Unaudited) (cont'd)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of**<br> **Contracts**<br>| **Notional**<br> **Amount**<br>| **Exercise**<br> **Price**<br>| **Expiration**<br> **Date**<br>| **Value** |
| **Calls (cont'd)** | **Calls (cont'd)** | **Calls (cont'd)** | **Calls (cont'd)** | **Calls (cont'd)** | **Calls (cont'd)** |
| **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** |
| DoorDash, Inc. | &nbsp;&nbsp;&nbsp; 134 | &nbsp;&nbsp; $(3353350) | &nbsp;&nbsp; $290 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $(19430) |
| DraftKings, Inc. | &nbsp;&nbsp;&nbsp; 725 | &nbsp;&nbsp; (3265400) | &nbsp;&nbsp;&nbsp;&nbsp; 52 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (29000) |
|  |  |  |  |  | &nbsp;&nbsp; **(48430)** |
| **Insurance** | **Insurance** | **Insurance** | **Insurance** | **Insurance** | **Insurance** |
| Aon PLC | &nbsp;&nbsp;&nbsp;&nbsp; 92 | &nbsp;&nbsp; (3272532) | &nbsp;&nbsp;&nbsp; 380 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp; **(4600)** |
| **Interactive Media & Services** | **Interactive Media & Services** | **Interactive Media & Services** | **Interactive Media & Services** | **Interactive Media & Services** | **Interactive Media & Services** |
| Meta Platforms, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 46 | &nbsp;&nbsp; (3557824) | &nbsp;&nbsp;&nbsp; 805 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp; **(14145)** |
| **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** |
| GoDaddy, Inc. | &nbsp;&nbsp;&nbsp; 192 | &nbsp;&nbsp; (3102336) | 187.5 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<sup>(a)(b)</sup> |
| International Business Machines Corp. | &nbsp;&nbsp;&nbsp; 114 | &nbsp;&nbsp; (2885910) | &nbsp;&nbsp;&nbsp; 315 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (114)<sup>(a)(b)</sup> |
| Twilio, Inc. | &nbsp;&nbsp;&nbsp; 250 | &nbsp;&nbsp; (3225000) | &nbsp;&nbsp;&nbsp; 165 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14250) |
|  |  |  |  |  | &nbsp;&nbsp; **(14364)** |
| **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** |
| Allegro MicroSystems, Inc. | &nbsp;&nbsp;&nbsp; 875 | &nbsp;&nbsp; (2748375) | &nbsp;&nbsp;&nbsp;&nbsp; 45 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7000)<sup>(a)(b)</sup> |
| ASML Holding NV | &nbsp;&nbsp;&nbsp;&nbsp; 45 | &nbsp;&nbsp; (3126195) | &nbsp;&nbsp;&nbsp; 790 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1463) |
| Broadcom, Inc. | &nbsp;&nbsp;&nbsp; 113 | &nbsp;&nbsp; (3318810) | &nbsp;&nbsp;&nbsp; 320 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5933) |
| Credo Technology Group Holding Ltd. | &nbsp;&nbsp;&nbsp; 335 | &nbsp;&nbsp; (3736925) | &nbsp;&nbsp;&nbsp; 125 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (80400) |
| Credo Technology Group Holding Ltd. | &nbsp;&nbsp;&nbsp; 293 | &nbsp;&nbsp; (3268415) | &nbsp;&nbsp;&nbsp; 135 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (30765) |
| Lam Research Corp. | &nbsp;&nbsp;&nbsp; 318 | &nbsp;&nbsp; (3015912) | &nbsp;&nbsp;&nbsp; 115 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2544)<sup>(a)(b)</sup> |
| Micron Technology, Inc. | &nbsp;&nbsp;&nbsp; 283 | &nbsp;&nbsp; (3088662) | &nbsp;&nbsp;&nbsp; 130 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (566) |
| NVIDIA Corp. | &nbsp;&nbsp;&nbsp; 188 | &nbsp;&nbsp; (3343956) | 187.5 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14570) |
| Taiwan Semiconductor Manufacturing <br> Co. Ltd.<br>| &nbsp;&nbsp;&nbsp; 136 | &nbsp;&nbsp; (3286032) | 262.5 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3400) |
| Texas Instruments, Inc. | &nbsp;&nbsp;&nbsp; 150 | &nbsp;&nbsp; (2715900) | 237.5 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1050)<sup>(a)(b)</sup> |
|  |  |  |  |  | &nbsp;&nbsp; **(147691)** |
| **Software** | **Software** | **Software** | **Software** | **Software** | **Software** |
| AppLovin Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 89 | &nbsp;&nbsp; (3477230) | &nbsp;&nbsp;&nbsp; 510 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27145) |
| Circle Internet Group, Inc. | &nbsp;&nbsp;&nbsp; 142 | &nbsp;&nbsp; (2605984) | &nbsp;&nbsp;&nbsp; 330 | &nbsp;&nbsp; 8/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (710) |
| HubSpot, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 59 | &nbsp;&nbsp; (3065935) | &nbsp;&nbsp;&nbsp; 640 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12537) |
| Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 64 | &nbsp;&nbsp; (3414400) | &nbsp;&nbsp;&nbsp; 550 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9792) |
| Monday.com Ltd. | &nbsp;&nbsp;&nbsp; 113 | &nbsp;&nbsp; (2963877) | &nbsp;&nbsp;&nbsp; 350 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9605) |
| Oracle Corp. | &nbsp;&nbsp;&nbsp; 133 | &nbsp;&nbsp; (3375141) | &nbsp;&nbsp;&nbsp; 270 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10241) |
| Palo Alto Networks, Inc. | &nbsp;&nbsp;&nbsp; 164 | &nbsp;&nbsp; (2847040) | &nbsp;&nbsp;&nbsp; 215 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3280) |
| Salesforce, Inc. | &nbsp;&nbsp;&nbsp; 123 | &nbsp;&nbsp; (3177459) | &nbsp;&nbsp;&nbsp; 285 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1599) |
| ServiceNow, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 34 | &nbsp;&nbsp; (3206608) | &nbsp;&nbsp; 1110 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6205)<sup>(a)(b)</sup> |
|  |  |  |  |  | &nbsp;&nbsp; **(81114)** |
| **Specialty Retail** | **Specialty Retail** | **Specialty Retail** | **Specialty Retail** | **Specialty Retail** | **Specialty Retail** |
| Chewy, Inc. | &nbsp;&nbsp;&nbsp; 857 | &nbsp;&nbsp; (3145190) | &nbsp;&nbsp; 41.5 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp; **(23139)**<sup>(a)(b)</sup> |

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Next Generation Connectivity Fund Inc.^ (Unaudited) (cont'd)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of**<br> **Contracts**<br>| **Notional**<br> **Amount**<br>| **Exercise**<br> **Price**<br>| **Expiration**<br> **Date**<br>| **Value** |
| **Calls (cont'd)** | **Calls (cont'd)** | **Calls (cont'd)** | **Calls (cont'd)** | **Calls (cont'd)** | **Calls (cont'd)** |
| **Wireless Telecommunication Services** | **Wireless Telecommunication Services** | **Wireless Telecommunication Services** | **Wireless Telecommunication Services** | **Wireless Telecommunication Services** | **Wireless Telecommunication Services** |
| T-Mobile U.S., Inc. | &nbsp;&nbsp;&nbsp; 140 | &nbsp;&nbsp; $(3337740) | &nbsp;&nbsp; $255 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp; **$(3430)** |
| **Total calls** |  |  |  |  | &nbsp;&nbsp; **$(642670)** |
| **Puts** | **Puts** | **Puts** | **Puts** | **Puts** | **Puts** |
| **Broadline Retail** | **Broadline Retail** | **Broadline Retail** | **Broadline Retail** | **Broadline Retail** | **Broadline Retail** |
| Amazon.com, Inc. | &nbsp;&nbsp;&nbsp; 141 | &nbsp;&nbsp; (3300951) | &nbsp;&nbsp;&nbsp; 210 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp; **(10363)** |
| **Capital Markets** | **Capital Markets** | **Capital Markets** | **Capital Markets** | **Capital Markets** | **Capital Markets** |
| Robinhood Markets, Inc. | &nbsp;&nbsp;&nbsp; 310 | &nbsp;&nbsp; (3194550) | &nbsp;&nbsp;&nbsp;&nbsp; 84 | &nbsp;&nbsp; 8/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (775) |
| Robinhood Markets, Inc. | &nbsp;&nbsp;&nbsp; 302 | &nbsp;&nbsp; (3112110) | &nbsp;&nbsp;&nbsp;&nbsp; 81 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3171) |
|  |  |  |  |  | &nbsp;&nbsp; **(3946)** |
| **Communications Equipment** | **Communications Equipment** | **Communications Equipment** | **Communications Equipment** | **Communications Equipment** | **Communications Equipment** |
| Arista Networks, Inc. | &nbsp;&nbsp;&nbsp; 288 | &nbsp;&nbsp; (3548736) | &nbsp;&nbsp;&nbsp;&nbsp; 90 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9360) |
| Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp; 474 | &nbsp;&nbsp; (3226992) | &nbsp;&nbsp;&nbsp;&nbsp; 63 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (22278) |
| Lumentum Holdings, Inc. | &nbsp;&nbsp;&nbsp; 309 | &nbsp;&nbsp; (3401472) | &nbsp;&nbsp; 82.5 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10815) |
|  |  |  |  |  | &nbsp;&nbsp; **(42453)** |
| **Diversified Telecommunication Services** | **Diversified Telecommunication Services** | **Diversified Telecommunication Services** | **Diversified Telecommunication Services** | **Diversified Telecommunication Services** | **Diversified Telecommunication Services** |
| AT&T, Inc. | &nbsp;&nbsp; 1168 | &nbsp;&nbsp; (3201488) | &nbsp;&nbsp; 25.5 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp; **(7008)** |
| **Entertainment** | **Entertainment** | **Entertainment** | **Entertainment** | **Entertainment** | **Entertainment** |
| Live Nation Entertainment, Inc. | &nbsp;&nbsp;&nbsp; 217 | &nbsp;&nbsp; (3205090) | &nbsp;&nbsp;&nbsp; 135 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (37432) |
| Netflix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp; (3014440) | &nbsp;&nbsp; 1135 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21125) |
| Sea Ltd. | &nbsp;&nbsp;&nbsp; 209 | &nbsp;&nbsp; (3273985) | &nbsp;&nbsp;&nbsp; 135 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2926) |
| Spotify Technology SA | &nbsp;&nbsp;&nbsp;&nbsp; 46 | &nbsp;&nbsp; (2882084) | &nbsp;&nbsp;&nbsp; 565 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4232) |
| Take-Two Interactive Software, Inc. | &nbsp;&nbsp;&nbsp; 139 | &nbsp;&nbsp; (3095947) | &nbsp;&nbsp;&nbsp; 205 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (20850) |
| TKO Group Holdings, Inc. | &nbsp;&nbsp;&nbsp; 385 | &nbsp;&nbsp; (6468385) | &nbsp;&nbsp;&nbsp; 150 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (28875) |
| TKO Group Holdings, Inc. | &nbsp;&nbsp;&nbsp; 190 | &nbsp;&nbsp; (3192190) | &nbsp;&nbsp;&nbsp; 155 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27075) |
| Walt Disney Co. | &nbsp;&nbsp;&nbsp; 267 | &nbsp;&nbsp; (3180237) | &nbsp;&nbsp;&nbsp; 108 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15619) |
| Walt Disney Co. | &nbsp;&nbsp;&nbsp; 269 | &nbsp;&nbsp; (3204059) | &nbsp;&nbsp;&nbsp; 109 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (20982) |
| Warner Bros Discovery, Inc. | &nbsp;&nbsp; 2540 | &nbsp;&nbsp; (3345180) | &nbsp;&nbsp;&nbsp;&nbsp; 11 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10160) |
|  |  |  |  |  | &nbsp;&nbsp; **(189276)** |
| **Financial Services** | **Financial Services** | **Financial Services** | **Financial Services** | **Financial Services** | **Financial Services** |
| Fiserv, Inc. | &nbsp;&nbsp;&nbsp; 196 | &nbsp;&nbsp; (2723224) | &nbsp;&nbsp;&nbsp; 145 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp; **(124460)** |
| **Ground Transportation** | **Ground Transportation** | **Ground Transportation** | **Ground Transportation** | **Ground Transportation** | **Ground Transportation** |
| Uber Technologies, Inc. | &nbsp;&nbsp;&nbsp; 715 | &nbsp;&nbsp; (6274125) | &nbsp;&nbsp;&nbsp;&nbsp; 78 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp; **(37895)** |
| **Health Care Equipment & Supplies** | **Health Care Equipment & Supplies** | **Health Care Equipment & Supplies** | **Health Care Equipment & Supplies** | **Health Care Equipment & Supplies** | **Health Care Equipment & Supplies** |
| Intuitive Surgical, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 63 | &nbsp;&nbsp; (3030867) | &nbsp;&nbsp;&nbsp; 455 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp; **(10080)** |

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Next Generation Connectivity Fund Inc.^ (Unaudited) (cont'd)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of**<br> **Contracts**<br>| **Notional**<br> **Amount**<br>| **Exercise**<br> **Price**<br>| **Expiration**<br> **Date**<br>| **Value** |
| **Puts (cont'd)** | **Puts (cont'd)** | **Puts (cont'd)** | **Puts (cont'd)** | **Puts (cont'd)** | **Puts (cont'd)** |
| **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** |
| DoorDash, Inc. | &nbsp;&nbsp;&nbsp; 134 | &nbsp;&nbsp; $(3353350) | &nbsp;&nbsp; $195 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $(12797)<sup>(a)(b)</sup> |
| DraftKings, Inc. | &nbsp;&nbsp;&nbsp; 724 | &nbsp;&nbsp; (3260896) | &nbsp;&nbsp;&nbsp;&nbsp; 38 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (18100) |
|  |  |  |  |  | &nbsp;&nbsp; **(30897)** |
| **Insurance** | **Insurance** | **Insurance** | **Insurance** | **Insurance** | **Insurance** |
| Aon PLC | &nbsp;&nbsp;&nbsp;&nbsp; 92 | &nbsp;&nbsp; (3272532) | &nbsp;&nbsp;&nbsp; 320 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp; **(3680)** |
| **Interactive Media & Services** | **Interactive Media & Services** | **Interactive Media & Services** | **Interactive Media & Services** | **Interactive Media & Services** | **Interactive Media & Services** |
| Meta Platforms, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 46 | &nbsp;&nbsp; (3557824) | &nbsp;&nbsp;&nbsp; 620 | &nbsp;&nbsp; 8/8/2025 | **(828)** |
| **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** |
| GoDaddy, Inc. | &nbsp;&nbsp;&nbsp; 192 | &nbsp;&nbsp; (3102336) | &nbsp;&nbsp;&nbsp; 150 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (39360) |
| International Business Machines Corp. | &nbsp;&nbsp;&nbsp; 114 | &nbsp;&nbsp; (2885910) | &nbsp;&nbsp;&nbsp; 260 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp; (102885) |
| Twilio, Inc. | &nbsp;&nbsp;&nbsp; 245 | &nbsp;&nbsp; (3160500) | &nbsp;&nbsp;&nbsp; 106 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17640) |
|  |  |  |  |  | &nbsp;&nbsp; **(159885)** |
| **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** |
| Allegro MicroSystems, Inc. | &nbsp;&nbsp;&nbsp; 872 | &nbsp;&nbsp; (2738952) | &nbsp;&nbsp; 27.5 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15260) |
| ASML Holding NV | &nbsp;&nbsp;&nbsp;&nbsp; 45 | &nbsp;&nbsp; (3126195) | &nbsp;&nbsp;&nbsp; 660 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9900) |
| Broadcom, Inc. | &nbsp;&nbsp;&nbsp; 113 | &nbsp;&nbsp; (3318810) | &nbsp;&nbsp;&nbsp; 255 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2656) |
| Credo Technology Group Holding Ltd. | &nbsp;&nbsp;&nbsp; 335 | &nbsp;&nbsp; (3736925) | &nbsp;&nbsp;&nbsp;&nbsp; 75 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4188) |
| Lam Research Corp. | &nbsp;&nbsp;&nbsp; 318 | &nbsp;&nbsp; (3015912) | &nbsp;&nbsp;&nbsp;&nbsp; 89 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13197) |
| Micron Technology, Inc. | &nbsp;&nbsp;&nbsp; 283 | &nbsp;&nbsp; (3088662) | &nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12027) |
| NVIDIA Corp. | &nbsp;&nbsp;&nbsp; 188 | &nbsp;&nbsp; (3343956) | 157.5 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5264) |
| Taiwan Semiconductor Manufacturing <br> Co. Ltd.<br>| &nbsp;&nbsp;&nbsp; 136 | &nbsp;&nbsp; (3286032) | &nbsp;&nbsp;&nbsp; 215 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3060) |
| Texas Instruments, Inc. | &nbsp;&nbsp;&nbsp; 134 | &nbsp;&nbsp; (2426204) | &nbsp;&nbsp;&nbsp; 195 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp; (188940) |
|  |  |  |  |  | &nbsp;&nbsp; **(254492)** |
| **Software** | **Software** | **Software** | **Software** | **Software** | **Software** |
| AppLovin Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 89 | &nbsp;&nbsp; (3477230) | &nbsp;&nbsp;&nbsp; 275 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8455) |
| Circle Internet Group, Inc. | &nbsp;&nbsp;&nbsp; 142 | &nbsp;&nbsp; (2605984) | &nbsp;&nbsp;&nbsp; 134 | &nbsp;&nbsp; 8/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (710)<sup>(a)(b)</sup> |
| HubSpot, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 58 | &nbsp;&nbsp; (3013970) | &nbsp;&nbsp;&nbsp; 480 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (58580) |
| Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 64 | &nbsp;&nbsp; (3414400) | &nbsp;&nbsp;&nbsp; 470 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (480) |
| Monday.com Ltd. | &nbsp;&nbsp;&nbsp; 112 | &nbsp;&nbsp; (2937648) | &nbsp;&nbsp;&nbsp; 240 | &nbsp;&nbsp; 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (87920) |
| Oracle Corp. | &nbsp;&nbsp;&nbsp; 133 | &nbsp;&nbsp; (3375141) | 217.5 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1862) |
| Palo Alto Networks, Inc. | &nbsp;&nbsp;&nbsp; 163 | &nbsp;&nbsp; (2829680) | &nbsp;&nbsp;&nbsp; 185 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp; (194377) |
| Salesforce, Inc. | &nbsp;&nbsp;&nbsp; 123 | &nbsp;&nbsp; (3177459) | &nbsp;&nbsp;&nbsp; 240 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5228) |
| ServiceNow, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 34 | &nbsp;&nbsp; (3206608) | &nbsp;&nbsp;&nbsp; 820 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (340) |
|  |  |  |  |  | &nbsp;&nbsp; **(357952)** |
| **Specialty Retail** | **Specialty Retail** | **Specialty Retail** | **Specialty Retail** | **Specialty Retail** | **Specialty Retail** |
| Chewy, Inc. | &nbsp;&nbsp;&nbsp; 857 | &nbsp;&nbsp; (3145190) | &nbsp;&nbsp;&nbsp;&nbsp; 34 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp; **(8142)** |

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Next Generation Connectivity Fund Inc.^ (Unaudited) (cont'd)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of**<br> **Contracts**<br>| **Notional**<br> **Amount**<br>| **Exercise**<br> **Price**<br>| **Expiration**<br> **Date**<br>| **Value** |
| **Puts (cont'd)** | **Puts (cont'd)** | **Puts (cont'd)** | **Puts (cont'd)** | **Puts (cont'd)** | **Puts (cont'd)** |
| **Wireless Telecommunication Services** | **Wireless Telecommunication Services** | **Wireless Telecommunication Services** | **Wireless Telecommunication Services** | **Wireless Telecommunication Services** | **Wireless Telecommunication Services** |
| T-Mobile U.S., Inc. | &nbsp;&nbsp;&nbsp; 140 | &nbsp;&nbsp; $(3337740) | &nbsp;&nbsp; $210 | &nbsp;&nbsp; 8/8/2025 | &nbsp;&nbsp; **$(1820)**<sup>(a)(b)</sup> |
| **Total puts** |  |  |  |  | &nbsp;&nbsp; **$(1243177)** |
| **Total options written (premium received $1,718,757)** | **Total options written (premium received $1,718,757)** | **Total options written (premium received $1,718,757)** | **Total options written (premium received $1,718,757)** | **Total options written (premium received $1,718,757)** | &nbsp;&nbsp; **$(1885847)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Value determined using significant unobservable inputs.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Security fair valued as of July 31, 2025 in accordance with procedures approved by
 the valuation designee.

At July 31, 2025, the Fund had securities pledged in the amount of $106,321,020 to cover collateral requirements for options written.

The following is a summary, categorized by Level (see the Notes to Consolidated Schedule of Investments), of inputs used to value the Fund's investments as of July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3**<sup>(a)</sup> | **Total** |
| Investments: |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Entertainment | $142834137 | $12127296 | $— | $154961433 |
| &nbsp;&nbsp;&nbsp; Financial Services | 6428198 | 9248092 |  | 15676290 |
| &nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | 226392964 | 29524083 |  | 255917047 |
| &nbsp;&nbsp;&nbsp; Software | 167777463 |  | 40108777 | 207886240 |
| &nbsp;&nbsp;&nbsp; Other Common Stocks<sup>#</sup> <br>| 511968402 |  |  | 511968402 |
| Total Common Stocks | 1055401164 | 50899471 | 40108777 | 1146409412 |
| Preferred Stocks<sup>#</sup> <br>|  |  | 98230205 | 98230205 |
| Convertible Bonds<sup>#</sup> <br>|  |  | 6500000 | 6500000 |
| Short-Term Investments |  | 49295224 |  | 49295224 |
| **Total Investments** | **$1055401164** | **$100194695** | **$144838982** | **$1300434841** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

# The Consolidated Schedule of Investments provides information on the industry or sector categorization as well as a Positions by Country summary. 

(a) The following is a reconciliation between the beginning and ending balances of investments in which significant unobservable inputs (Level 3) were used in determining value: 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(000's** <br>**omitted)**<br>| **Beginning** <br>**balance as** <br>**of 11/1/2024**<br>| **Accrued** <br>**discounts/** <br>**(premiums)**<br>| **Realized** <br>**gain/(loss)**<br>| **Change** <br>**in unrealized** <br>**appreciation/** <br>**(depreciation)**<br>| **Purchases** | **Sales/** <br>**Other** <br>**reductions**<br>| **Transfers** <br>**into** <br>**Level 3**<br>| **Transfers** <br>**out of** <br>**Level 3**<br>| **Balance** <br>**as of** <br>**7/31/2025**<br>| **Net change in** <br>**unrealized** <br>**appreciation/** <br>**(depreciation)** <br>**from** <br>**investments** <br>**still held as of** <br>**7/31/2025**<br>|
| **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** |
| Common <br> Stocks<sup>(1)</sup> <br>| $43053 | $— | $— | $(2944)<br>| $— | $— | $— | $— | $40109 | $(2944)<br>|

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Next Generation Connectivity Fund Inc.^ (Unaudited) (cont'd)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(000's**<br> **omitted)**<br>| **Beginning**<br> **balance as**<br> **of 11/1/2024**<br>| **Accrued**<br> **discounts/**<br> **(premiums)**<br>| **Realized**<br> **gain/(loss)**<br>| **Change**<br> **in unrealized**<br> **appreciation/**<br> **(depreciation)**<br>| **Purchases** | **Sales/**<br> **Other**<br> **reductions**<br>| **Transfers**<br> **into**<br> **Level 3**<br>| **Transfers**<br> **out of**<br> **Level 3**<br>| **Balance**<br> **as of**<br> **7/31/2025**<br>| **Net change in**<br> **unrealized**<br> **appreciation/**<br> **(depreciation)**<br> **from**<br> **investments**<br> **still held as of**<br> **7/31/2025**<br>|
| **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** |
| Preferred <br> Stocks<sup>(1)</sup> <br>| $97958 | $— | $— | $(651)<br>| $923 | $— | $— | $— | $98230 | $(1712)<br>|
| Convertible <br> Bonds<sup>(1)</sup> <br>| 5760 |  |  | 740 |  |  |  |  | 6500 | 740 |
| **Total** | **$146771** | **$—** | **$—** | **$(2855)**<br>| **$923** | **$—** | **$—** | **$—** | **$144839** | **$(3916)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: |
| **Investment type** | **Fair value** <br>**at** <br>**7/31/2025**<br>| &nbsp;&nbsp; **Valuation** <br>**approach**<br>| &nbsp;&nbsp; **Significant unobservable** <br>**input(s)**<br>| &nbsp;&nbsp; **Input value/** <br>**range**<br>| &nbsp;&nbsp; **Weighted** <br>**average**<sup>(a)</sup><br>| &nbsp;&nbsp; **Impact to** <br>**valuation** <br>**from** <br>**increase** <br>**in input**<sup>(b)</sup><br>|
| Common Stocks | $40108777 | Market Approach | &nbsp;&nbsp; Enterprise value/Revenue <br>multiple<sup>(c)</sup> (EV/Revenue)<br>| 9.2x - 12.5x | 10.8x | Increase |
|  |  | Market Approach | Discount Rate | 4.3% | 4.3% | Decrease |
|  |  | Market Approach | Term (Years) | 1.3 - 1.8 | 1.6 | Decrease |
|  |  | Market Approach | Expected Volatility | 65.0% - 80.0% | 72.3% | Decrease |
|  |  | Market Approach | Transaction Price | $9.06 | $9.06 | Increase |
| Preferred Stocks | 66070475 | Market Approach | &nbsp;&nbsp; Enterprise value/Revenue <br>multiple<sup>(c)</sup> (EV/Revenue)<br>| 7.1x - 14.3x | 9.3x | Increase |
|  |  | Market Approach | Discount Rate | 3.9% - 4.3% | 4.0% | Decrease |
|  |  | Market Approach | Term (Years) | 1.8 - 3.2 | 2.6 | Decrease |
|  |  | Market Approach | Expected Volatility | 55.0% - 65.0% | 62.7% | Decrease |
|  |  | Market Approach | Transaction Price | $0.63 - $1,150.00 | $884.21 | Increase |
|  |  | Market Approach | Cost Multiple | 0.5x - 2.8x | 2.4x | Increase |
| Convertible Bonds | 6500000 | Income Approach | Credit Yield Spread | 25.6% | 25.6% | Decrease |
| Preferred Units | 32159730 | Market Approach | Transaction Price | $146.47 | $146.47 | Increase |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c) Represents amounts used when the reporting entity has determined that market participants <br> would use such multiples when pricing the investments. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c) Represents amounts used when the reporting entity has determined that market participants <br> would use such multiples when pricing the investments. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c) Represents amounts used when the reporting entity has determined that market participants <br> would use such multiples when pricing the investments. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c) Represents amounts used when the reporting entity has determined that market participants <br> would use such multiples when pricing the investments. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c) Represents amounts used when the reporting entity has determined that market participants <br> would use such multiples when pricing the investments. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c) Represents amounts used when the reporting entity has determined that market participants <br> would use such multiples when pricing the investments. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c) Represents amounts used when the reporting entity has determined that market participants <br> would use such multiples when pricing the investments. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The following is a summary, categorized by Level (see the Notes to Consolidated Schedule of Investments), of inputs used to value the Fund's derivatives as of July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Instruments** | **Level 1** | **Level 2** | **Level 3**<sup>(a)</sup> | **Total** |
| Options Written |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Liabilities | $(1820361)<br>| $— | $(65486)<br>| $(1885847)<br>|
| **Total** | **$(1820361)**<br>| **$—** | **$(65486)**<br>| **$(1885847)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Next Generation Connectivity Fund Inc.^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) The following is a reconciliation between the beginning and ending balances of derivative
 investments in which significant unobservable inputs (Level 3) were used in determining value:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(000's** <br>**omitted)**<br>| **Beginning** <br>**balance as** <br>**of 11/1/2024**<br>| **Accrued** <br>**discounts/** <br>**(premiums)**<br>| **Realized** <br>**gain/(loss)**<br>| **Change** <br>**in unrealized** <br>**appreciation/** <br>**(depreciation)**<br>| **Purchases/** <br>**Closing** <br>**of options**<br>| **Sales/** <br>**Writing** <br>**of options**<br>| **Transfers** <br>**into** <br>**Level 3**<br>| **Transfers** <br>**out of** <br>**Level 3**<br>| **Balance** <br>**as of** <br>**7/31/2025**<br>| **Net change in** <br>**unrealized** <br>**appreciation/** <br>**(depreciation)** <br>**from** <br>**investments** <br>**still held as of** <br>**7/31/2025**<br>|
| **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** |
| Written Option <br> Contracts<sup>(1)</sup> <br>| $(6)<br>| $— | $44 | $112 | $— | $(215)<br>| $— | $— | $(65)<br>| $149 |
| **Total** | **$(6)**<br>| **$—** | **$44** | **$112** | **$—** | **$(215)**<br>| **$—** | **$—** | **$(65)**<br>| **$149** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) At July 31, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets <br> applicable to common stockholders and, therefore, disclosure of significant unobservable inputs used <br> in formulating valuations is not presented. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) At July 31, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets <br> applicable to common stockholders and, therefore, disclosure of significant unobservable inputs used <br> in formulating valuations is not presented. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) At July 31, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets <br> applicable to common stockholders and, therefore, disclosure of significant unobservable inputs used <br> in formulating valuations is not presented. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) At July 31, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets <br> applicable to common stockholders and, therefore, disclosure of significant unobservable inputs used <br> in formulating valuations is not presented. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) At July 31, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets <br> applicable to common stockholders and, therefore, disclosure of significant unobservable inputs used <br> in formulating valuations is not presented. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) At July 31, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets <br> applicable to common stockholders and, therefore, disclosure of significant unobservable inputs used <br> in formulating valuations is not presented. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) At July 31, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets <br> applicable to common stockholders and, therefore, disclosure of significant unobservable inputs used <br> in formulating valuations is not presented. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) At July 31, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets <br> applicable to common stockholders and, therefore, disclosure of significant unobservable inputs used <br> in formulating valuations is not presented. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) At July 31, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets <br> applicable to common stockholders and, therefore, disclosure of significant unobservable inputs used <br> in formulating valuations is not presented. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) At July 31, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets <br> applicable to common stockholders and, therefore, disclosure of significant unobservable inputs used <br> in formulating valuations is not presented. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) At July 31, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets <br> applicable to common stockholders and, therefore, disclosure of significant unobservable inputs used <br> in formulating valuations is not presented. |

---

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Consolidated Schedule of Investments

------

July 31, 2025

Notes to Consolidated Schedule of Investments Next Generation Connectivity Fund Inc. (Unaudited)

In accordance with Accounting Standards Codification 820 "Fair Value Measurement" ("ASC 820"), all investments held by Neuberger Berman Next Generation Connectivity Fund Inc. (the "Fund") are carried at the value that Management believes the Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in valuing the Fund's investments, some of which are discussed below. At times, Management may need to apply significant judgment to value investments in accordance with ASC 820.

ASC 820 established a three-tier hierarchy of inputs to create a classification of value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – unadjusted quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities.

The value of the Fund's investments in equity securities, preferred stocks, and exchange-traded options written, for which market quotations are readily available, is generally determined by Management by obtaining valuations from independent pricing services based on the latest sale price quoted on a principal exchange or market for that security (Level 1 inputs). Securities traded primarily on the NASDAQ Stock Market are normally valued at the NASDAQ Official Closing Price ("NOCP") provided by NASDAQ each business day. The NOCP is the most recently reported price as of 4:00:02 p.m., Eastern Time, unless that price is outside the range of the "inside" bid and asked prices (i.e., the bid and asked prices that dealers quote to each other when trading for their own accounts); in that case, NASDAQ will adjust the price to equal the inside bid or asked price, whichever is closer. Because of delays in reporting trades, the NOCP may not be based on the price of the last trade to occur before the market closes. If there is no sale of a security on a particular day, the independent pricing services may value the security based on market quotations.

The value of the Fund's investments in debt securities is determined by Management primarily by obtaining valuations from independent pricing services based on bid quotations, or if quotations are not available, by methods that include various considerations based on security type (generally Level 2 inputs). In addition to the consideration of yields or prices of securities of comparable quality, coupon, maturity and type, indications as to values from dealers, and general market conditions, the following is a description of other Level 2 inputs and related valuation techniques used by independent pricing services to value certain types of debt securities held by the Fund:

*Convertible Bonds.* Inputs used to value convertible bonds generally include underlying stock data, conversion rates, credit-specific details, relevant listed bond and preferred stock prices and other market information, which may include benchmark yield curves, reported trades, broker-dealer quotes, issuer spreads, comparable securities, and reference data, such as market research publications, when available.

Management has developed a process to periodically review information provided by independent pricing services for all types of securities.

Investments in non-exchange traded investment companies are valued using the respective fund's daily calculated net asset value per share (Level 2 inputs), when available.

For information on the Fund's significant accounting policies, please refer to the Fund's most recent stockholder reports.

------

Notes to Consolidated Schedule of Investments Next Generation Connectivity Fund Inc. (Unaudited) (cont'd)

If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount the Fund might reasonably expect to receive on a current sale in an orderly transaction, Management seeks to obtain quotations from brokers or dealers (generally considered Level 2 or Level 3 inputs depending on the number of quotes available). If such quotations are not available, the security is valued using methods Management has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security. Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Fund's Board of Directors designated Management as the Fund's valuation designee. As the Fund's valuation designee, Management is responsible for determining fair value in good faith for all Fund investments. Inputs and assumptions considered in determining fair value of a security based on Level 2 or Level 3 inputs may include, but are not limited to, the type of security; the initial cost of the security; the existence of any contractual restrictions on the security's disposition; the price and extent of public trading in similar securities of the issuer or of comparable companies; quotations or evaluated prices from broker-dealers or pricing services; information obtained from the issuer and analysts; an analysis of the company's or issuer's financial statements; an evaluation of the inputs that influence the issuer and the market(s) in which the security is purchased and sold.

The value of the Fund's investments in foreign securities is generally determined using the same valuation methods and inputs as other Fund investments, as discussed above. Foreign security prices expressed in local currency values are normally translated from the local currency into U.S. dollars using the exchange rates as of 4:00 p.m., Eastern Time, on days the New York Stock Exchange ("NYSE") is open for business. Management has approved the use of ICE Data Services ("ICE") to assist in determining the fair value of foreign equity securities when changes in the value of a certain index suggest that the closing prices on the foreign exchanges may no longer represent the amount that the Fund could expect to receive for those securities or when foreign markets are closed and U.S. markets are open. In each of these events, ICE will provide adjusted prices for certain foreign equity securities using a statistical analysis of historical correlations of multiple factors (Level 2 inputs). In the absence of precise information about the market values of these foreign securities as of the time at which the Fund's share price is calculated, Management has determined based on available data that prices adjusted or evaluated in this way are likely to be closer to the prices the Fund could realize on a current sale than the prices of those securities established at the close of the foreign markets in which the securities primarily trade.

Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or traded.

To facilitate compliance with certain requirements necessary to maintain its status as a regulated investment company, the Fund formed NB A24 NBXG Blocker LLC (the "Blocker"), a Delaware limited liability company, to hold interests in certain private placements. The Blocker is a wholly owned subsidiary of the Fund and the Fund will remain its sole member.

As of July 31, 2025, the value of the Fund's investment in the Blocker was as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **Investment in** <br>**Blocker**<br>| &nbsp;&nbsp;&nbsp; **Percentage of** <br>**Net Assets** <br>**Applicable** <br>**to Common** <br>**Stockholders**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; $31955776 | &nbsp;&nbsp;&nbsp;&nbsp; 2.5<br> %<br>|

---

For information on the Fund's significant accounting policies, please refer to the Fund's most recent stockholder reports.

------

Notes to Consolidated Schedule of Investments Next Generation Connectivity Fund Inc. (Unaudited) (cont'd)

Legend

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Other Abbreviations:** | **Other Abbreviations:** |
| ADR | = American Depositary Receipt |
| Management | = Neuberger Berman Investment Advisers LLC |

---

For information on the Fund's significant accounting policies, please refer to the Fund's most recent stockholder reports.

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Neuberger Berman Next Generation Connectivity Fund Inc.

- **b. Investment Company Act file number:** 811-23635

- **c. CIK number of Registrant:** 0001843181

- **d. LEI of Registrant:** 549300GRTFKXVB9LQE61

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1290 AVENUE OF THE AMERICAS

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10104

  - **Telephone number:** 212-476-8800

**Item A.2. Information about the Series.**

- **a. Name of Series:** Neuberger Berman Next Generation Connectivity Fund Inc.

- **c. LEI of Series:** 549300GRTFKXVB9LQE61

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1290842816.31

**Total Liabilities:** $6003230.75

**Net Assets:** $1284839585.56

**Cash Not Reported:** $763115.52

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 9.26%                | 11.11%               | 2.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9608212.82              | $82259039.94                               |
| Month 2  | $11347406.71             | $113420673.28                              |
| Month 3  | $19228669.24             | $-25579788.03                              |

**Designated Index Information**

- **Index Name:** Securities Portfolio VaR

- **Index Identifier:** Designated Reference Portfolio is the Fund's Securities Portfolio

### Schedule of Portfolio Investments

| Name                                      | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                       | GODADDY INC                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -192 | NC      | $-39360.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | TAKE-TWO INTERACTIVE SOFTWARE                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -139 | NC      | $-9035.00     | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | TAIWAN SEMICONDUCTOR MANUFACTU                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | TW        |      -136 | NC      | $-3060.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                         | Cisco Systems Inc                                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    390582 | NS      | $26590822.56  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                            | Salesforce Inc                                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     39269 | NS      | $10144360.77  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc                 | Warner Bros Discovery Inc                                  | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |    765260 | NS      | $10078474.20  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ASML HOLDING NV                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | NL        |       -45 | NC      | $-1462.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CYBEREASON SERIES F PREFERRED             | CYBEREASON SERIES F PREFERRED                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1009513 | NS      | $504756.50    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                       | NETFLIX INC                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -26 | NC      | $-1066.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp      | International Business Machines Corp                       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     53462 | NS      | $13533905.30  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | INTUITIVE SURGICAL INC                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -63 | NC      | $-630.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | CIRCLE INTERNET GROUP INC                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -142 | NC      | $-710.00      | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | WALT DISNEY CO/THE                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -269 | NC      | $-20982.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | AON PLC                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | IE        |       -92 | NC      | $-3680.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | WARNER BROS DISCOVERY INC                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |     -2540 | NC      | $-10160.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ORACLE CORP                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -133 | NC      | $-10241.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                     | Uber Technologies Inc                                      | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    149723 | NS      | $13138193.25  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | NETFLIX INC                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -26 | NC      | $-21125.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                     | Micron Technology Inc                                      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     59841 | NS      | $6531046.74   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                               | HubSpot Inc                                                | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |     30635 | NS      | $15919477.75  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SAVAGE X FENTY PFD SERIES D               | SAVAGE X FENTY PFD SERIES D                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    364903 | NS      | $4313773.80   | 0.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                       | APPLOVIN CORP                                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -89 | NC      | $-8455.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | T-MOBILE US INC                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -140 | NC      | $-1820.00     | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| Sea Ltd                                   | Sea Ltd                                                    | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |    104685 | NS      | $16398905.25  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | CREDO TECHNOLOGY GROUP HOLDING                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | KY        |      -335 | NC      | $-80400.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ARISTA NETWORKS INC                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -288 | NC      | $-9360.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | AMAZON.COM INC                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -142 | NC      | $-35926.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                     | Spotify Technology SA                                      | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     18725 | NS      | $11731961.50  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                     | Robinhood Markets Inc                                      | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |    485117 | NS      | $49991306.85  | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | BROADCOM INC                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -113 | NC      | $-2655.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | PALO ALTO NETWORKS INC                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -164 | NC      | $-3280.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | META PLATFORMS INC                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -46 | NC      | $-828.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | LAM RESEARCH CORP                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -318 | NC      | $-13197.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | MICROSOFT CORP                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -64 | NC      | $-480.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | HUBSPOT INC                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -59 | NC      | $-12537.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | WALT DISNEY CO/THE                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -267 | NC      | $-7876.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GRAMMARLY SERIES 3 PFD                    | GRAMMARLY SERIES 3 PFD                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    451510 | NS      | $12118528.40  | 0.94%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CYBEREASON SERIES H                       | CYBEREASON SERIES H                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    118080 | NS      | $205158.10    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GRAMMARLY SERIES A COMMON                 | GRAMMARLY SERIES A COMMON                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1456020 | NS      | $20602683.00  | 1.60%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Texas Instruments Inc                     | Texas Instruments Inc                                      | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    133465 | NS      | $24165172.90  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | SALESFORCE INC                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -123 | NC      | $-1599.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | CISCO SYSTEMS INC                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -474 | NC      | $-22278.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors              | State Street Institutional US Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  49295224 | NS      | $49295223.62  | 3.84%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                       | MONDAY.COM LTD                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | IL        |      -113 | NC      | $-9605.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | T-MOBILE US INC                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -140 | NC      | $-3430.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                           | ASML Holding NV                                            | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     27980 | NS      | $19437985.80  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | TKO GROUP HOLDINGS INC                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -385 | NC      | $-28875.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                         | Lam Research Corp                                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    172563 | NS      | $16365874.92  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ALLEGRO MICROSYSTEMS INC                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -875 | NC      | $-7000.00     | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | MICRON TECHNOLOGY INC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -283 | NC      | $-566.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                | Fiserv Inc                                                 | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     46266 | NS      | $6428198.04   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc                    | TKO Group Holdings Inc                                     | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94727 | NS      | $15915083.27  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCTIC WOLF NETWORKS INC                  | ARCTIC WOLF NETWORKS INC                                   | CUSIP: 03968T100<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $6500000.00   | 0.51%             | 2099-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| MediaTek Inc                              | MediaTek Inc                                               | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |    262000 | NS      | $11864555.91  | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| VIDEOAMP SERIES F 1 PFD                   | VIDEOAMP SERIES F 1 PFD                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1393993 | NS      | $21999997.53  | 1.71%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                       | CREDO TECHNOLOGY GROUP HOLDING                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | KY        |      -293 | NC      | $-30765.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | AT+T INC                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |     -1168 | NC      | $-1168.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                            | Microsoft Corp                                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     71084 | NS      | $37923314.00  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | AT+T INC                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |     -1168 | NC      | $-7008.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | APPLOVIN CORP                                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -89 | NC      | $-27145.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                                  | Adyen NV                                                   | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      5392 | NS      | $9248092.01   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp                               | NVIDIA Corp                                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    273951 | NS      | $48727664.37  | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.com Ltd                            | Monday.com Ltd                                             | CUSIP: 000000000<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |     88451 | NS      | $23199812.79  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | SEA LTD                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | KY        |      -209 | NC      | $-2926.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | NVIDIA CORP                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -188 | NC      | $-14570.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | LIVE NATION ENTERTAINMENT INC                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -217 | NC      | $-37432.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc         | Take-Two Interactive Software Inc                          | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     51957 | NS      | $11572382.61  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | BROADCOM INC                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -113 | NC      | $-5932.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | LUMENTUM HOLDINGS INC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -309 | NC      | $-10815.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ROBINHOOD MARKETS INC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -310 | NC      | $-310.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | TEXAS INSTRUMENTS INC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -150 | NC      | $-1050.00     | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | CREDO TECHNOLOGY GROUP HOLDING                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | KY        |      -335 | NC      | $-4187.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | AMAZON.COM INC                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -141 | NC      | $-10363.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                        | Walt Disney Co/The                                         | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    161462 | NS      | $19231738.82  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                               | GoDaddy Inc                                                | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |    150448 | NS      | $24309387.84  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | TKO GROUP HOLDINGS INC                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -190 | NC      | $-27075.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ARCTIC WOLF NETWORKS INC COMMO            | ARCTIC WOLF NETWORKS INC COMMO                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1727273 | NS      | $19506093.99  | 1.52%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                       | MONDAY.COM LTD                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | IL        |      -112 | NC      | $-87920.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | SEA LTD                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | KY        |      -208 | NC      | $-4576.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | FISERV INC                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -196 | NC      | $-980.00      | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | ALLEGRO MICROSYSTEMS INC                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -872 | NC      | $-15260.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ROBINHOOD MARKETS INC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -310 | NC      | $-775.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| SAVAGE X FENTY PFD SERIES C 1             | SAVAGE X FENTY PFD SERIES C 1                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     28112 | NS      | $67617.79     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                       | PALO ALTO NETWORKS INC                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -163 | NC      | $-194377.50   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                              | DoorDash Inc                                               | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     70116 | NS      | $17546529.00  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                               | Netflix Inc                                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     22177 | NS      | $25712013.80  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                    | Intuitive Surgical Inc                                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     36728 | NS      | $17669473.52  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ASML HOLDING NV                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | NL        |       -45 | NC      | $-9900.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| A24 FILMS LLC PREFERRED UNITS             | A24 FILMS LLC PREFERRED UNITS                              | CUSIP: 000000000<br>LEI: 549300SAXRIY3Y3HIL24 | Long             | EC               | CORP              | US        |    219568 | NS      | $32159729.74  | 2.50%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                       | SPOTIFY TECHNOLOGY SA                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | LU        |       -46 | NC      | $-4232.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | CHEWY INC                                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -857 | NC      | $-23139.00    | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| Caris Life Sciences Inc                   | Caris Life Sciences Inc                                    | CUSIP: 142152107<br>LEI: 549300LX5LO78M5VPY43 | Long             | EC               | CORP              | US        |    154300 | NS      | $4332744.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                  | AT&T Inc                                                   | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |   1474752 | NS      | $40422952.32  | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                              | Broadcom Inc                                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     82659 | NS      | $24276948.30  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | TKO GROUP HOLDINGS INC                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -191 | NC      | $-10505.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | SPOTIFY TECHNOLOGY SA                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | LU        |       -46 | NC      | $-92.00       | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | AON PLC                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | IE        |       -92 | NC      | $-4600.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | MICRON TECHNOLOGY INC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -283 | NC      | $-12027.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | GODADDY INC                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -192 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Reddit Inc                                | Reddit Inc                                                 | CUSIP: 75734B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34488 | NS      | $5538427.92   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ROBINHOOD MARKETS INC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -302 | NC      | $-3171.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | DOORDASH INC                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -134 | NC      | $-19430.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | CHEWY INC                                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -857 | NC      | $-8141.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | INTERNATIONAL BUSINESS MACHINE                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -114 | NC      | $-102885.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | LIVE NATION ENTERTAINMENT INC                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -217 | NC      | $-13020.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc                     | Lumentum Holdings Inc                                      | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |    111413 | NS      | $12264343.04  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                       | Arista Networks Inc                                        | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     80009 | NS      | $9858708.98   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | DOORDASH INC                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -134 | NC      | $-12797.00    | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | TAIWAN SEMICONDUCTOR MANUFACTU                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | TW        |      -136 | NC      | $-3400.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | HUBSPOT INC                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -58 | NC      | $-58580.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | UBER TECHNOLOGIES INC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -356 | NC      | $-5518.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                            | ServiceNow Inc                                             | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     10948 | NS      | $10325277.76  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                            | DraftKings Inc                                             | CUSIP: 26142V105<br>LEI: 5493008P45UYYL683Z97 | Long             | EC               | CORP              | US        |    506471 | NS      | $22811453.84  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CELONIS SERIES D PFD                      | CELONIS SERIES D PFD                                       | CUSIP: 000000000<br>LEI: 529900DCE9HLEPY8MW24 | Long             | EP               | CORP              | US        |     27042 | NS      | $9999861.18   | 0.78%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Analog Devices Inc                        | Analog Devices Inc                                         | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     11336 | NS      | $2546405.68   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | MICROSOFT CORP                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -64 | NC      | $-9792.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd        | Credo Technology Group Holding Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    228013 | NS      | $25434850.15  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                        | Meta Platforms Inc                                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    103248 | NS      | $79856133.12  | 6.22%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | UBER TECHNOLOGIES INC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -715 | NC      | $-37895.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                               | Oracle Corp                                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     64906 | NS      | $16471195.62  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | META PLATFORMS INC                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -46 | NC      | $-14145.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | WALT DISNEY CO/THE                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -267 | NC      | $-15619.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                   | Aon PLC                                                    | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |     72427 | NS      | $25763008.17  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                  | Allegro MicroSystems Inc                                   | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    286546 | NS      | $9000409.86   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | INTUITIVE SURGICAL INC                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -63 | NC      | $-10080.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                    | Palo Alto Networks Inc                                     | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     84075 | NS      | $14595420.00  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| FABLETICS SERIES G PFD STOCK              | FABLETICS SERIES G PFD STOCK                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     14659 | NS      | $16860781.80  | 1.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                       | SERVICENOW INC                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -34 | NC      | $-6205.00     | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | ARISTA NETWORKS INC                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -288 | NC      | $-55440.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc             | Live Nation Entertainment Inc                              | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |    217966 | NS      | $32193578.20  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                             | Maplebear Inc                                              | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73181 | NS      | $3510492.57   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | FISERV INC                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -196 | NC      | $-124460.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix Inc                              | SK Hynix Inc                                               | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     91115 | NS      | $17659527.57  | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                       | WARNER BROS DISCOVERY INC                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |     -2539 | NC      | $-31737.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ROBINHOOD MARKETS INC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -303 | NC      | $-1666.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | INTERNATIONAL BUSINESS MACHINE                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -114 | NC      | $-114.00      | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| CACI International Inc                    | CACI International Inc                                     | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |     11947 | NS      | $5502429.79   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ORACLE CORP                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -133 | NC      | $-1862.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                | Twilio Inc                                                 | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |     82185 | NS      | $10601865.00  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | CIRCLE INTERNET GROUP INC                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -142 | NC      | $-710.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo Co Ltd                           | Nintendo Co Ltd                                            | CUSIP: 000000000<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |    145100 | NS      | $12127295.69  | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                       | TEXAS INSTRUMENTS INC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -150 | NC      | $-211500.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | CISCO SYSTEMS INC                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -474 | NC      | $-13272.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chewy Inc                                 | Chewy Inc                                                  | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |    520632 | NS      | $19107194.40  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd                  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    205351 | NS      | $49616908.62  | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | TAKE-TWO INTERACTIVE SOFTWARE                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -139 | NC      | $-20850.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | TKO GROUP HOLDINGS INC                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -193 | NC      | $-19300.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | SALESFORCE INC                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -123 | NC      | $-5227.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                             | AppLovin Corp                                              | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     20356 | NS      | $7953089.20   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | TWILIO INC                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -250 | NC      | $-14250.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group Inc                 | Circle Internet Group Inc                                  | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |     14241 | NS      | $2613508.32   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | NVIDIA CORP                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -188 | NC      | $-5264.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                           | T-Mobile US Inc                                            | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     83951 | NS      | $20014757.91  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | SERVICENOW INC                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -34 | NC      | $-340.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | LUMENTUM HOLDINGS INC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -309 | NC      | $-65662.50    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | LAM RESEARCH CORP                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -318 | NC      | $-2544.00     | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| Amazon.com Inc                            | Amazon.com Inc                                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    344728 | NS      | $80704272.08  | 6.28%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | DRAFTKINGS INC                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -724 | NC      | $-18100.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | DRAFTKINGS INC                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -725 | NC      | $-29000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                           | Fair Isaac Corp                                            | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |     17199 | NS      | $24710147.28  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | TWILIO INC                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -245 | NC      | $-17640.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | WALT DISNEY CO/THE                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -538 | NC      | $-27976.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-28

**Name of Applicant:** Neuberger Berman Next Generation Connectivity Fund Inc.

**Signature:** John McGovern

**Name of Signer:** John McGovern

**Title:** Treasurer