# EDGAR Filing Document

**Accession Number:** 0001843181
**File Stem:** 0001410368-26-029176
**Filing Date:** 2026-3
**Character Count:** 112615
**Document Hash:** 5862c7e135409d4e57c3eb5f46c79ce4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-029176.hdr.sgml**: 20260324

**ACCESSION NUMBER**: 0001410368-26-029176

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260324

**DATE AS OF CHANGE**: 20260324

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Neuberger 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:** 26785490

**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 Next Generation Connectivity Fund Inc.
- **DATE OF NAME CHANGE:** 20210317

**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)

January 31, 2026

&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 91.2%** | **Common Stocks 91.2%** | **Common Stocks 91.2%** |
| **Broadline Retail 9.9%** | **Broadline Retail 9.9%** | **Broadline Retail 9.9%** |
| 134220 | Alibaba Group Holding Ltd. ADR | &nbsp;&nbsp; $22758343 |
| 309643 | Amazon.com, Inc. | &nbsp;&nbsp; 74097570<br> <sup>\*(a)</sup><br>|
| 8356 | MercadoLibre, Inc. | &nbsp;&nbsp; 17946934<br> <sup>\*</sup><br>|
| 105637 | Sea Ltd. ADR | &nbsp;&nbsp; 12305654<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **127108501** |
| **Capital Markets 4.0%** | **Capital Markets 4.0%** | **Capital Markets 4.0%** |
| 521694 | Robinhood Markets, Inc. Class A | &nbsp;&nbsp; **51898119**<br> <sup>\*</sup><br>|
| **Communications Equipment 0.5%** | **Communications Equipment 0.5%** | **Communications Equipment 0.5%** |
| 15324 | Lumentum Holdings, Inc. | &nbsp;&nbsp; **6004556**<br> <sup>\*</sup><br>|
| **Diversified Telecommunication Services 2.9%** | **Diversified Telecommunication Services 2.9%** | **Diversified Telecommunication Services 2.9%** |
| 1415626 | AT&T, Inc. | &nbsp;&nbsp; **37103557** |
| **Entertainment 8.0%** | **Entertainment 8.0%** | **Entertainment 8.0%** |
| 239022 | Live Nation Entertainment, Inc. | &nbsp;&nbsp; 34765750<br> <sup>\*</sup><br>|
| 284550 | Netflix, Inc. | &nbsp;&nbsp; 23757079<br> <sup>\*</sup><br>|
| 145100 | Nintendo Co. Ltd. | &nbsp;&nbsp; 9427375 |
| 44593 | Spotify Technology SA | &nbsp;&nbsp; 22312107<br> <sup>\*</sup><br>|
| 30535 | Walt Disney Co. | &nbsp;&nbsp; 3444348 |
| 350592 | Warner Bros Discovery, Inc. | &nbsp;&nbsp; 9655304<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **103361963** |
| **Financial Services 0.5%** | **Financial Services 0.5%** | **Financial Services 0.5%** |
| 96328 | Affirm Holdings, Inc. | &nbsp;&nbsp; **5808578**<br> <sup>\*</sup><br>|
| **Ground Transportation 0.8%** | **Ground Transportation 0.8%** | **Ground Transportation 0.8%** |
| 121699 | Uber Technologies, Inc. | &nbsp;&nbsp; **9742005**<br> <sup>\*</sup><br>|
| **Health Care Equipment & Supplies 1.3%** | **Health Care Equipment & Supplies 1.3%** | **Health Care Equipment & Supplies 1.3%** |
| 134469 | Dexcom, Inc. | &nbsp;&nbsp; 9821616<br> <sup>\*</sup><br>|
| 12966 | Intuitive Surgical, Inc. | &nbsp;&nbsp; 6537716<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **16359332** |
| **Hotels, Restaurants & Leisure 2.6%** | **Hotels, Restaurants & Leisure 2.6%** | **Hotels, Restaurants & Leisure 2.6%** |
| 79487 | DoorDash, Inc. Class A | &nbsp;&nbsp; 16264630<br> <sup>\*</sup><br>|
| 642002 | DraftKings, Inc. Class A | &nbsp;&nbsp; 17661475<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **33926105** |
| **Household Durables 1.4%** | **Household Durables 1.4%** | **Household Durables 1.4%** |
| 811648 | Sony Group Corp. ADR | &nbsp;&nbsp; **17937421** |
| **Interactive Media & Services 7.5%** | **Interactive Media & Services 7.5%** | **Interactive Media & Services 7.5%** |
| 108424 | Meta Platforms, Inc. Class A | &nbsp;&nbsp; 77685796<br> <sup>(a)</sup><br>|
| 106874 | Reddit, Inc. Class A | &nbsp;&nbsp; 19266176<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **96951972** |
| **Semiconductors & Semiconductor Equipment 24.9%** | **Semiconductors & Semiconductor Equipment 24.9%** | **Semiconductors & Semiconductor Equipment 24.9%** |
| 82074 | Advanced Micro Devices, Inc. | &nbsp;&nbsp; 19429378<br> <sup>\*</sup><br>|
| 70422 | Analog Devices, Inc. | &nbsp;&nbsp; 21892791 |
| 15799 | ASML Holding NV | &nbsp;&nbsp; 22481977 |
| 37575 | Astera Labs, Inc. | &nbsp;&nbsp; 5659547<br> <sup>\*</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** |
| **Semiconductors & Semiconductor Equipment – cont'd** | **Semiconductors & Semiconductor Equipment – cont'd** | **Semiconductors & Semiconductor Equipment – cont'd** |
| 87687 | Broadcom, Inc. | &nbsp;&nbsp; $29050703 |
| 39058 | Credo Technology Group Holding Ltd. | &nbsp;&nbsp; 4893186<br> <sup>\*</sup><br>|
| 116579 | Lam Research Corp. | &nbsp;&nbsp; 27216533 |
| 175000 | MediaTek, Inc. | &nbsp;&nbsp; 9787099 |
| 299732 | NVIDIA Corp. | &nbsp;&nbsp; 57287777 |
| 79378 | SK Hynix, Inc. | &nbsp;&nbsp; 50128249 |
| 174856 | Taiwan Semiconductor Manufacturing Co. Ltd. ADR | &nbsp;&nbsp; 57800400 |
| 104160 | Tower Semiconductor Ltd. | &nbsp;&nbsp; 14033477<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **319661117** |
| **Software 20.3%** | **Software 20.3%** | **Software 20.3%** |
| 58837 | AppLovin Corp. Class A | &nbsp;&nbsp; 27836373<br> <sup>\*</sup><br>|
| 1727273 | Arctic Wolf Networks, Inc. | &nbsp;&nbsp; 19967276<br> <sup>\*#(b)(c)</sup><br>|
| 189983 | Atlassian Corp. Class A | &nbsp;&nbsp; 22452191<br> <sup>\*</sup><br>|
| 23508 | Fair Isaac Corp. | &nbsp;&nbsp; 34396200<br> <sup>\*</sup><br>|
| 477497 | Klaviyo, Inc. Class A | &nbsp;&nbsp; 10605208<br> <sup>\*</sup><br>|
| 176737 | Microsoft Corp. | &nbsp;&nbsp; 76048164 |
| 105629 | Monday.com Ltd. | &nbsp;&nbsp; 12120928<br> <sup>\*</sup><br>|
| 314715 | Netskope, Inc. Class A | &nbsp;&nbsp; 4673518<br> <sup>\*</sup><br>|
| 121988 | Oracle Corp. | &nbsp;&nbsp; 20076785 |
| 80175 | Palo Alto Networks, Inc. | &nbsp;&nbsp; 14188570<br> <sup>\*</sup><br>|
| 1456020 | Superhuman Platform, Inc. Class A | &nbsp;&nbsp; 19073862<br> <sup>\*#(b)(c)</sup><br>|
|  |  | &nbsp;&nbsp; **261439075** |
| **Technology Hardware, Storage & Peripherals 5.1%** | **Technology Hardware, Storage & Peripherals 5.1%** | **Technology Hardware, Storage & Peripherals 5.1%** |
| 50783 | Apple, Inc. | &nbsp;&nbsp; 13177173 |
| 895890 | Hewlett Packard Enterprise Co. | &nbsp;&nbsp; 19279553 |
| 134717 | Western Digital Corp. | &nbsp;&nbsp; 33710235 |
|  |  | &nbsp;&nbsp; **66166961** |
| **Wireless Telecommunication Services 1.5%** | **Wireless Telecommunication Services 1.5%** | **Wireless Telecommunication Services 1.5%** |
| 100302 | T-Mobile U.S., Inc. | &nbsp;&nbsp; **19780558** |
| **Total Common Stocks (Cost $984,371,486)** | **Total Common Stocks (Cost $984,371,486)** | &nbsp;&nbsp; **1173249820** |
| **Preferred Stocks 8.0%** | **Preferred Stocks 8.0%** | **Preferred Stocks 8.0%** |
| **Entertainment 2.5%** | **Entertainment 2.5%** | **Entertainment 2.5%** |
| 219568 | A24 Films LLC<sup>(d)</sup> | &nbsp;&nbsp; **32159730**<br> <sup>\*#(b)(c)</sup><br>|
| **Software 3.5%** | **Software 3.5%** | **Software 3.5%** |
| 27042 | Celonis SE, Series D | &nbsp;&nbsp; 9999861<br> <sup>\*#(b)(c)</sup><br>|
| 1009513 | Cybereason, Inc., Series F | &nbsp;&nbsp; 504757<br> <sup>\*#(b)(c)</sup><br>|
| 149962 | Cybereason, Inc., Series H | &nbsp;&nbsp; 260551<br> <sup>\*#(b)(c)</sup><br>|
| 451510 | Superhuman Platform, Inc., Series 3 | &nbsp;&nbsp; 11558656<br> <sup>\*#(b)(c)</sup><br>|
| 1393993 | Videoamp, Inc., Series F1 | &nbsp;&nbsp; 21999998<br> <sup>\*#(b)(c)</sup><br>|
|  |  | &nbsp;&nbsp; **44323823** |
| **Specialty Retail 2.0%** | **Specialty Retail 2.0%** | **Specialty Retail 2.0%** |
| 14659 | Fabletics LLC, Series G | &nbsp;&nbsp; 21574236<br> <sup>\*#(b)(c)</sup><br>|
| 28112 | Savage X Fenty, Series C1 | &nbsp;&nbsp; 67618<br> <sup>\*#(b)(c)</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** |
| **Specialty Retail – cont'd** | **Specialty Retail – cont'd** | **Specialty Retail – cont'd** |
| 364903 | Savage X Fenty, Series D | &nbsp;&nbsp; $4313774<br> <sup>\*#(b)(c)</sup><br>|
|  |  | &nbsp;&nbsp; **25955628** |
| **Total Preferred Stocks (Cost $94,436,710)** | **Total Preferred Stocks (Cost $94,436,710)** | &nbsp;&nbsp; **102439181** |
| **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; **6913500**<br> <sup>#(b)(c)(e)</sup><br>|
| **Number of Shares** | **Number of Shares** |  |
| **Short-Term Investments 1.1%** | **Short-Term Investments 1.1%** | **Short-Term Investments 1.1%** |
| **Investment Companies 1.1%** | **Investment Companies 1.1%** | **Investment Companies 1.1%** |
| 13411520 | &nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund Premier Class, 3.65%<sup>(f)</sup> <br>**(Cost $13,411,520)**<br>| &nbsp;&nbsp; **13411520** |
| **Total Investments 100.8% (Cost $1,097,219,716)** | **Total Investments 100.8% (Cost $1,097,219,716)** | &nbsp;&nbsp; **1296014021** |
| Liabilities Less Other Assets (0.8)% | Liabilities Less Other Assets (0.8)% | &nbsp;&nbsp; (9973932)<sup>(g)</sup><br>|
| **Net Assets Applicable to Common Stockholders 100.0%** | **Net Assets Applicable to Common Stockholders 100.0%** | &nbsp;&nbsp; **$1286040089** |

---

&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) Value determined using significant unobservable inputs.

(c) Security fair valued as of January 31, 2026 in accordance with procedures approved by the valuation designee. Total value of all such securities at January 31, 2026 amounted to $148,393,819, which represents 11.5% of net assets applicable to common stockholders of the Fund. 

(d) Security represented in Units.

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

(f) Represents 7-day effective yield as of January 31, 2026.

(g) Includes the impact of the Fund's open positions in derivatives at January 31, 2026.

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 January 31, 2026 amounted to $148,393,819, which represents 11.5% 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>| &nbsp;&nbsp; **Acquisition** <br>**Cost**<br>| &nbsp;&nbsp; **Value as of** <br>**1/31/2026**<br>| &nbsp;&nbsp; **Fair Value** <br>**Percentage** <br>**of Net Assets** <br>**Applicable** <br>**to Common** <br>**Stockholders** <br>**as of** <br>**1/31/2026**<br>|
| A24 Films LLC (Preferred Units) | 2/25/2022 | $25000012 | $32159730 | 2.5% |
| Arctic Wolf Networks, Inc. | 12/31/2021 | 19000003 | 19967276 | 1.6% |
| Arctic Wolf Networks, Inc. (Convertible Bonds) | 9/30/2022 | 5000000 | 6913500 | 0.5% |
| Celonis SE (Series D Preferred Shares) | 10/5/2022 | 9999477 | 9999861 | 0.8% |
| Cybereason, Inc. (Series F Preferred Shares) | 7/31/2021 | 5000000 | 504757 | 0.0% |
| Cybereason, Inc. (Series H Preferred Shares) | 4/30/2025-11/20/2025 | 94744 | 260551 | 0.0% |
| Fabletics LLC (Series G Preferred Shares) | 1/10/2022 | 14659000 | 21574236 | 1.7% |
| Savage X Fenty (Series C1 Preferred Shares) | 3/5/2025 | 4999993 | 67618 | 0.0% |
| Savage X Fenty (Series D Preferred Shares) | 2/24/2025-3/5/2025 | 848551 | 4313774 | 0.3% |
| Superhuman Platform, Inc. (Series 3 Preferred Shares) | 12/23/2021 | 11834935 | 11558656 | 0.9% |
| Superhuman Platform, Inc. Class A | 12/23/2021 | 38165051 | 19073862 | 1.5% |
| Videoamp, Inc. (Series F1 Preferred Shares) | 1/4/2022 | 21999998 | 21999998 | 1.7% |
| **Total** |  | **$156601764** | **$148393819** | **11.5%** |

---

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 | $1047995572 | 81.5% |
| Taiwan | 67587499 | 5.2% |
| Korea | 50128249 | 3.9% |
| Japan | 27364796 | 2.1% |
| China | 22758343 | 1.8% |
| Netherlands | 22481977 | 1.7% |
| Brazil | 17946934 | 1.4% |
| Israel | 14033477 | 1.1% |
| Singapore | 12305654 | 1.0% |
| Short-Term Investments and Other Liabilities—Net | 3437588 | 0.3% |
|  | **$1286040089** | **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 January 31, 2026, 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** |
| Alibaba Group Holding Ltd. | &nbsp;&nbsp;&nbsp; 200 | &nbsp;&nbsp; $(3391200) | &nbsp;&nbsp; $200 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(9300) |
| Amazon.com, Inc. | &nbsp;&nbsp;&nbsp; 141 | &nbsp;&nbsp; (3374130) | &nbsp;&nbsp;&nbsp; 265 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (31302) |
| MercadoLibre, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp; (3436464) | &nbsp;&nbsp; 2260 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (37520) |
| Sea Ltd. | &nbsp;&nbsp;&nbsp; 273 | &nbsp;&nbsp; (3180177) | &nbsp;&nbsp;&nbsp; 141 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21430)<sup>(a)(b)</sup> |
|  |  |  |  |  | &nbsp;&nbsp; **(99552)** |
| **Capital Markets** | **Capital Markets** | **Capital Markets** | **Capital Markets** | **Capital Markets** | **Capital Markets** |
| Robinhood Markets, Inc. | &nbsp;&nbsp;&nbsp; 302 | &nbsp;&nbsp; (3004296) | &nbsp;&nbsp;&nbsp; 140 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp; **(6191)** |
| **Diversified Telecommunication Services** | **Diversified Telecommunication Services** | **Diversified Telecommunication Services** | **Diversified Telecommunication Services** | **Diversified Telecommunication Services** | **Diversified Telecommunication Services** |
| AT&T, Inc. | &nbsp;&nbsp; 1385 | &nbsp;&nbsp; (3630085) | &nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp; **(83792)** |
| **Entertainment** | **Entertainment** | **Entertainment** | **Entertainment** | **Entertainment** | **Entertainment** |
| Live Nation Entertainment, Inc. | &nbsp;&nbsp;&nbsp; 229 | &nbsp;&nbsp; (3330805) | &nbsp;&nbsp;&nbsp; 155 | &nbsp;&nbsp; 2/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (60685) |
| Netflix, Inc. | &nbsp;&nbsp;&nbsp; 369 | &nbsp;&nbsp; (3080781) | &nbsp;&nbsp;&nbsp; 105 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1292) |
| Walt Disney Co. | &nbsp;&nbsp;&nbsp; 296 | &nbsp;&nbsp; (3338880) | &nbsp;&nbsp;&nbsp; 125 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16872) |
| Warner Bros Discovery, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27540) | &nbsp;&nbsp;&nbsp;&nbsp; 32 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (330)<sup>(a)(b)</sup> |
|  |  |  |  |  | &nbsp;&nbsp; **(79179)** |
| **Financial Services** | **Financial Services** | **Financial Services** | **Financial Services** | **Financial Services** | **Financial Services** |
| Affirm Holdings, Inc. | &nbsp;&nbsp;&nbsp; 453 | &nbsp;&nbsp; (2731590) | &nbsp;&nbsp;&nbsp;&nbsp; 95 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp; **(18799)**<sup>(a)(b)</sup> |
| **Ground Transportation** | **Ground Transportation** | **Ground Transportation** | **Ground Transportation** | **Ground Transportation** | **Ground Transportation** |
| Uber Technologies, Inc. | &nbsp;&nbsp;&nbsp; 393 | &nbsp;&nbsp; (3145965) | &nbsp;&nbsp;&nbsp;&nbsp; 96 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp; **(15131)** |
| **Health Care Equipment & Supplies** | **Health Care Equipment & Supplies** | **Health Care Equipment & Supplies** | **Health Care Equipment & Supplies** | **Health Care Equipment & Supplies** | **Health Care Equipment & Supplies** |
| Dexcom, Inc. | &nbsp;&nbsp;&nbsp; 462 | &nbsp;&nbsp; (3374448) | &nbsp;&nbsp;&nbsp;&nbsp; 85 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (45045)<sup>(a)(b)</sup> |
| Intuitive Surgical, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 62 | &nbsp;&nbsp; (3126164) | &nbsp;&nbsp;&nbsp; 605 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<sup>(a)(b)</sup> |
|  |  |  |  |  | &nbsp;&nbsp; **(45045)** |
| **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** |
| DoorDash, Inc. | &nbsp;&nbsp;&nbsp; 316 | &nbsp;&nbsp; (6465992) | &nbsp;&nbsp;&nbsp; 235 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17696) |
| DraftKings, Inc. | &nbsp;&nbsp; 1038 | &nbsp;&nbsp; (2855538) | &nbsp;&nbsp;&nbsp;&nbsp; 41 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5190)<sup>(a)(b)</sup> |
|  |  |  |  |  | &nbsp;&nbsp; **(22886)** |
| **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; 54 | &nbsp;&nbsp; (3869100) | &nbsp;&nbsp;&nbsp; 715 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (96120) |
| Reddit, Inc. | &nbsp;&nbsp;&nbsp; 144 | &nbsp;&nbsp; (2595888) | &nbsp;&nbsp;&nbsp; 315 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7704)<sup>(a)(b)</sup> |
|  |  |  |  |  | &nbsp;&nbsp; **(103824)** |

---

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)** |
| **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** |
| Astera Labs, Inc. | &nbsp;&nbsp;&nbsp; 175 | &nbsp;&nbsp; $(2635850) | &nbsp;&nbsp; $260 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(2625) |
| Broadcom, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 97 | &nbsp;&nbsp; (3213610) | &nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3783) |
| Credo Technology Group Holding Ltd. | &nbsp;&nbsp;&nbsp; 208 | &nbsp;&nbsp; (2605824) | &nbsp;&nbsp;&nbsp; 210 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2080)<sup>(a)(b)</sup> |
| Lam Research Corp. | &nbsp;&nbsp;&nbsp; 147 | &nbsp;&nbsp; (3431862) | &nbsp;&nbsp;&nbsp; 275 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23226) |
| NVIDIA Corp. | &nbsp;&nbsp;&nbsp; 182 | &nbsp;&nbsp; (3478566) | &nbsp;&nbsp;&nbsp; 205 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21931) |
|  |  |  |  |  | &nbsp;&nbsp; **(53645)** |
| **Software** | **Software** | **Software** | **Software** | **Software** | **Software** |
| AppLovin Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 57 | &nbsp;&nbsp; (2696727) | &nbsp;&nbsp;&nbsp; 785 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2993) |
| Fair Isaac Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 22 | &nbsp;&nbsp; (3218974) | &nbsp;&nbsp; 1770 | &nbsp;&nbsp; 2/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14410) |
| Monday.com Ltd. | &nbsp;&nbsp;&nbsp; 258 | &nbsp;&nbsp; (2960550) | &nbsp;&nbsp;&nbsp; 170 | &nbsp;&nbsp; 2/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (28380) |
| Netskope, Inc. | &nbsp;&nbsp; 2134 | &nbsp;&nbsp; (3168990) | &nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp; 2/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16005) |
| Oracle Corp. | &nbsp;&nbsp;&nbsp; 179 | &nbsp;&nbsp; (2945982) | &nbsp;&nbsp;&nbsp; 225 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2238) |
|  |  |  |  |  | &nbsp;&nbsp; **(64026)** |
| **Technology Hardware, Storage & Peripherals** | **Technology Hardware, Storage & Peripherals** | **Technology Hardware, Storage & Peripherals** | **Technology Hardware, Storage & Peripherals** | **Technology Hardware, Storage & Peripherals** | **Technology Hardware, Storage & Peripherals** |
| Apple, Inc. | &nbsp;&nbsp;&nbsp; 132 | &nbsp;&nbsp; (3425136) | &nbsp;&nbsp;&nbsp; 270 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (18942) |
| Western Digital Corp. | &nbsp;&nbsp;&nbsp; 142 | &nbsp;&nbsp; (3553266) | &nbsp;&nbsp;&nbsp; 300 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (50055) |
|  |  |  |  |  | &nbsp;&nbsp; **(68997)** |
| **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; 176 | &nbsp;&nbsp; (3470896) | &nbsp;&nbsp;&nbsp; 215 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp; **(24376)** |
| **Total calls** |  |  |  |  | &nbsp;&nbsp; **$(685443)** |
| **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; (3374130) | &nbsp;&nbsp;&nbsp; 200 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10082) |
| MercadoLibre, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp; (3436464) | &nbsp;&nbsp; 1850 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7040)<sup>(a)(b)</sup> |
|  |  |  |  |  | &nbsp;&nbsp; **(17122)** |
| **Capital Markets** | **Capital Markets** | **Capital Markets** | **Capital Markets** | **Capital Markets** | **Capital Markets** |
| Robinhood Markets, Inc. | &nbsp;&nbsp;&nbsp; 303 | &nbsp;&nbsp; (3014244) | &nbsp;&nbsp;&nbsp;&nbsp; 80 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp; **(17271)** |
| **Communications Equipment** | **Communications Equipment** | **Communications Equipment** | **Communications Equipment** | **Communications Equipment** | **Communications Equipment** |
| Lumentum Holdings, Inc. | &nbsp;&nbsp;&nbsp; 188 | &nbsp;&nbsp; (7366592) | &nbsp;&nbsp;&nbsp; 225 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp; **(28200)**<sup>(a)(b)</sup> |
| **Entertainment** | **Entertainment** | **Entertainment** | **Entertainment** | **Entertainment** | **Entertainment** |
| Live Nation Entertainment, Inc. | &nbsp;&nbsp;&nbsp; 229 | &nbsp;&nbsp; (3330805) | &nbsp;&nbsp;&nbsp; 120 | &nbsp;&nbsp; 2/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10878) |
| Netflix, Inc. | &nbsp;&nbsp;&nbsp; 369 | &nbsp;&nbsp; (3080781) | &nbsp;&nbsp;&nbsp;&nbsp; 75 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4428) |
| Spotify Technology SA | &nbsp;&nbsp;&nbsp;&nbsp; 63 | &nbsp;&nbsp; (3152205) | &nbsp;&nbsp;&nbsp; 435 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21262) |
|  |  |  |  |  | &nbsp;&nbsp; **(36568)** |

---

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)** |
| **Financial Services** | **Financial Services** | **Financial Services** | **Financial Services** | **Financial Services** | **Financial Services** |
| Affirm Holdings, Inc. | &nbsp;&nbsp;&nbsp; 453 | &nbsp;&nbsp; $(2731590) | &nbsp;&nbsp;&nbsp; $55 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp; **$(111438)** |
| **Ground Transportation** | **Ground Transportation** | **Ground Transportation** | **Ground Transportation** | **Ground Transportation** | **Ground Transportation** |
| Uber Technologies, Inc. | &nbsp;&nbsp;&nbsp; 393 | &nbsp;&nbsp; (3145965) | &nbsp;&nbsp;&nbsp;&nbsp; 72 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp; **(27117)** |
| **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** |
| DoorDash, Inc. | &nbsp;&nbsp;&nbsp; 158 | &nbsp;&nbsp; (3232996) | &nbsp;&nbsp;&nbsp; 175 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp; **(21172)**<sup>(a)(b)</sup> |
| **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; 54 | &nbsp;&nbsp; (3869100) | &nbsp;&nbsp;&nbsp; 525 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1053) |
| Meta Platforms, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 53 | &nbsp;&nbsp; (3797450) | &nbsp;&nbsp;&nbsp; 530 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (822) |
| Reddit, Inc. | &nbsp;&nbsp;&nbsp; 145 | &nbsp;&nbsp; (2613915) | &nbsp;&nbsp;&nbsp; 170 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (119987) |
|  |  |  |  |  | &nbsp;&nbsp; **(121862)** |
| **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** | **Semiconductors & Semiconductor Equipment** |
| Advanced Micro Devices, Inc. | &nbsp;&nbsp;&nbsp; 274 | &nbsp;&nbsp; (6486402) | &nbsp;&nbsp;&nbsp; 180 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19728) |
| Analog Devices, Inc. | &nbsp;&nbsp;&nbsp; 110 | &nbsp;&nbsp; (3419680) | &nbsp;&nbsp;&nbsp; 265 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8800)<sup>(a)(b)</sup> |
| ASML Holding NV | &nbsp;&nbsp;&nbsp;&nbsp; 24 | &nbsp;&nbsp; (3415200) | &nbsp;&nbsp; 1135 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5940)<sup>(a)(b)</sup> |
| Broadcom, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 97 | &nbsp;&nbsp; (3213610) | &nbsp;&nbsp;&nbsp; 285 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15665) |
| Credo Technology Group Holding Ltd. | &nbsp;&nbsp;&nbsp; 209 | &nbsp;&nbsp; (2618352) | &nbsp;&nbsp;&nbsp; 115 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (81510) |
| Lam Research Corp. | &nbsp;&nbsp;&nbsp; 147 | &nbsp;&nbsp; (3431862) | 177.5 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19110) |
| NVIDIA Corp. | &nbsp;&nbsp;&nbsp; 182 | &nbsp;&nbsp; (3478566) | &nbsp;&nbsp;&nbsp; 155 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6006) |
| Taiwan Semiconductor Manufacturing <br> Co. Ltd.<br>| &nbsp;&nbsp;&nbsp;&nbsp; 99 | &nbsp;&nbsp; (3272544) | &nbsp;&nbsp;&nbsp; 285 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6485) |
|  |  |  |  |  | &nbsp;&nbsp; **(163244)** |
| **Software** | **Software** | **Software** | **Software** | **Software** | **Software** |
| AppLovin Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 62 | &nbsp;&nbsp; (2933282) | &nbsp;&nbsp;&nbsp; 370 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (45260) |
| AppLovin Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 57 | &nbsp;&nbsp; (2696727) | &nbsp;&nbsp;&nbsp; 380 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (50730) |
| Fair Isaac Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 22 | &nbsp;&nbsp; (3218974) | &nbsp;&nbsp; 1280 | &nbsp;&nbsp; 2/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17930) |
| Klaviyo, Inc. | &nbsp;&nbsp; 1338 | &nbsp;&nbsp; (2971698) | &nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp; 2/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (113730) |
| Klaviyo, Inc. | &nbsp;&nbsp; 1201 | &nbsp;&nbsp; (2667421) | &nbsp;&nbsp; 22.5 | &nbsp;&nbsp; 2/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (231192) |
| Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 72 | &nbsp;&nbsp; (3098088) | &nbsp;&nbsp;&nbsp; 395 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4680) |
| Oracle Corp. | &nbsp;&nbsp;&nbsp; 180 | &nbsp;&nbsp; (2962440) | &nbsp;&nbsp;&nbsp; 155 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (59850) |
|  |  |  |  |  | &nbsp;&nbsp; **(523372)** |
| **Technology Hardware, Storage & Peripherals** | **Technology Hardware, Storage & Peripherals** | **Technology Hardware, Storage & Peripherals** | **Technology Hardware, Storage & Peripherals** | **Technology Hardware, Storage & Peripherals** | **Technology Hardware, Storage & Peripherals** |
| Apple, Inc. | &nbsp;&nbsp;&nbsp; 131 | &nbsp;&nbsp; (3399188) | &nbsp;&nbsp;&nbsp; 225 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3603) |
| Western Digital Corp. | &nbsp;&nbsp;&nbsp; 142 | &nbsp;&nbsp; (3553266) | 172.5 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7668)<sup>(a)(b)</sup> |
| Western Digital Corp. | &nbsp;&nbsp;&nbsp; 127 | &nbsp;&nbsp; (3177921) | 212.5 | &nbsp;&nbsp; 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (43434) |

---

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)** |
| Western Digital Corp. | &nbsp;&nbsp;&nbsp; 127 | &nbsp;&nbsp; $(3177921) | &nbsp;&nbsp; $195 | &nbsp;&nbsp; 2/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; $(29527) |
|  |  |  |  |  | &nbsp;&nbsp; **(84232)** |
| **Total puts** |  |  |  |  | &nbsp;&nbsp; **$(1151598)** |
| **Total options written (premium received $1,657,057)** | **Total options written (premium received $1,657,057)** | **Total options written (premium received $1,657,057)** | **Total options written (premium received $1,657,057)** | **Total options written (premium received $1,657,057)** | &nbsp;&nbsp; **$(1837041)** |

---

&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 January 31, 2026 in accordance with procedures approved
 by the valuation designee.

At January 31, 2026, the Fund had securities pledged in the amount of $93,749,600 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 January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3**<sup>(a)</sup> | **Total** |
| Investments: |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Software | $222397937 | $— | $39041138 | $261439075 |
| &nbsp;&nbsp;&nbsp; Other Common Stocks<sup>#</sup> <br>| 911810745 |  |  | 911810745 |
| Total Common Stocks | 1134208682 |  | 39041138 | 1173249820 |
| Preferred Stocks<sup>#</sup> <br>|  |  | 102439181 | 102439181 |
| Convertible Bonds<sup>#</sup> <br>|  |  | 6913500 | 6913500 |
| Short-Term Investments |  | 13411520 |  | 13411520 |
| **Total Investments** | **$1134208682** | **$13411520** | **$148393819** | **$1296014021** |

---

&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 11/1/2025**<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>**1/31/2026**<br>| **Net change in** <br>**unrealized** <br>**appreciation/** <br>**(depreciation)** <br>**from** <br>**investments** <br>**still held as of** <br>**1/31/2026**<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>| $36770 | $— | $— | $2271 | $— | $— | $— | $— | $39041 | $2271 |
| Preferred <br> Stocks<sup>(1)</sup> <br>| 69336 |  |  | 924 | 20 |  |  |  | 70280 | 924 |
| Preferred Units<sup>(1)</sup> <br>| 32160 |  |  |  |  |  |  |  | 32160 |  |
| Convertible <br> Bonds<sup>(1)</sup> <br>| 6913 |  |  |  |  |  |  |  | 6913 |  |
| **Total** | **$145179** | **$—** | **$—** | **$3195** | **$20** | **$—** | **$—** | **$—** | **$148394** | **$3195** |

---

&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:<br>

See Notes to Consolidated Schedule of Investments

------

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment** <br> **type**<br>| **Fair value** <br>**at** <br>**1/31/2026**<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 <br> Stocks<br>| $39041138 | Market Approach | &nbsp;&nbsp; Enterprise value/Revenue <br>multiple<sup>(c)</sup> (EV/Revenue)<br>| 10.1x | 10.1x | Increase |
|  |  |  | Discount Rate | 3.5% | 3.5% | Decrease |
|  |  |  | Expected Volatility | 80.0% | 80.0% | Decrease |
|  |  |  | Term (Years) | 1.3 | 1.3 | Decrease |
|  |  |  | Transaction Price | $13.10 | $13.10 | Increase |
| Preferred Stocks | 70279451 | Market Approach | &nbsp;&nbsp; Enterprise value/Revenue <br>multiple<sup>(c)</sup> (EV/Revenue)<br>| 1.9x - 14.4x | 5.8x | Increase |
|  |  |  | Discount Rate | 3.5% - 15.0% | 10.7% | Decrease |
|  |  |  | Expected Volatility | 25.0% - 60.0% | 52.1% | Decrease |
|  |  |  | Liquidation Preference | 0.5x - 2.8x | 2.0x | Increase |
|  |  |  | Term (Years) | 1.2 - 2.2 | 1.5 | Decrease |
|  |  |  | Transaction Price | $4.55 | $4.55 | Increase |
| Preferred Units | 32159730 | Market Approach | Transaction Price | $146.47 | $146.47 | Increase |
| Convertible <br> Bonds<br>| 6913500 | &nbsp;&nbsp; Scenario-Based Approach <br>(PWERM, including <br>conversion assumptions)<br>| Scenario probabilities | &nbsp;&nbsp; 20% Held-to-Maturity; <br>80% IPO/Exit scenarios<br>| N/A | Increase |
|  |  |  | Face value at IPO / Exit | $581M – $662M | $554M | Increase |
|  |  |  | Liquidation preference | 1.5x – 1.7x | 1.6x | Increase |
|  |  |  | Discount rate | 6.5% – 7.2% | 7.2% | Decrease |
|  |  |  | Term (Years) | 0.9 – 1.9 | 1.3 | Increase |
|  |  |  | Volatility | 40.0% | 40.0% | Increase |
|  |  |  | Risk-free rate | 3.5% | 3.5% | Decrease |
|  |  |  | Valuation Cap (per share) | $12.02 | $12.02 | Increase |
|  |  | &nbsp;&nbsp; Credit Component <br>(Held-to-Maturity)<br>| Credit yield spread (bps) | 506.5 | 506.5 | Decrease |
|  |  |  | Benchmark yield | 2.2% | 2.2% | Decrease |
| &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 January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Instruments** | **Level 1** | **Level 2** | **Level 3**<sup>(a)</sup> | **Total** |
| Options Written |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Liabilities | $(1657643)<br>| $— | $(179398)<br>| $(1837041)<br>|
| **Total** | **$(1657643)**<br>| **$—** | **$(179398)**<br>| **$(1837041)**<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 11/1/2025**<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>**1/31/2026**<br>| **Net change in** <br>**unrealized** <br>**appreciation/** <br>**(depreciation)** <br>**from** <br>**investments** <br>**still held as of** <br>**1/31/2026**<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>| $(231)<br>| $— | $531 | $(88)<br>| $15 | $(406)<br>| $— | $— | $(179)<br>| $227 |
| **Total** | **$(231)**<br>| **$—** | **$531** | **$(88)**<br>| **$15** | **$(406)**<br>| **$—** | **$—** | **$(179)**<br>| **$227** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) At January 31, 2026, 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 January 31, 2026, 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 January 31, 2026, 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 January 31, 2026, 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 January 31, 2026, 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 January 31, 2026, 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 January 31, 2026, 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 January 31, 2026, 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 January 31, 2026, 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 January 31, 2026, 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 January 31, 2026, 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

------

January 31, 2026

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 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 common stocks, 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 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 January 31, 2026, 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; $30374768 | &nbsp;&nbsp;&nbsp;&nbsp; 2.4<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 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 Next Generation Connectivity Fund Inc.

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

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $1292731541.29

**Total Liabilities:** $6193813.56

**Net Assets:** $1286537727.73

**Cash Not Reported:** $971478.80

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -3.01%               | -1.04%               | 0.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $10725323.32             | $-60716831.00                              |
| Month 2  | $1287268.12              | $5804537.75                                |
| Month 3  | $12950764.30             | $-24154565.19                              |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T Inc                                  | AT&T Inc                                                   | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |   1415626 | NS      | $37103557.46  | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                | Advanced Micro Devices Inc                                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     82074 | NS      | $19429378.02  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings Inc                       | Affirm Holdings Inc                                        | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96328 | NS      | $5808578.40   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                 | Alibaba Group Holding Ltd                                  | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    134220 | NS      | $22758343.20  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                            | Amazon.com Inc                                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    309643 | NS      | $74097569.90  | 5.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                        | Analog Devices Inc                                         | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     66117 | NS      | $20554452.96  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                 | Apple Inc                                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     63123 | NS      | $16379156.04  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                             | AppLovin Corp                                              | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     40549 | NS      | $19184137.39  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCTIC WOLF NETWORKS INC                  | ARCTIC WOLF NETWORKS INC                                   | CUSIP: 03968T100<br>LEI: 2549001T8WPNRLVUS925 | Long             | DBT              | CORP              | US        |      5000 | PA      | $6913500.00   | 0.54%             | 2099-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Astera Labs Inc                           | Astera Labs Inc                                            | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               | CORP              | US        |     37575 | NS      | $5659546.50   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                            | Atlassian Corp                                             | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |    189983 | NS      | $22452190.94  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                              | Broadcom Inc                                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     87687 | NS      | $29050703.10  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                | Dexcom Inc                                                 | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |    142276 | NS      | $10391839.04  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                        | Walt Disney Co/The                                         | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     30535 | NS      | $3444348.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                              | DoorDash Inc                                               | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     79487 | NS      | $16264629.94  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                            | DraftKings Inc                                             | CUSIP: 26142V105<br>LEI: 5493008P45UYYL683Z97 | Long             | EC               | CORP              | US        |    545202 | NS      | $14998507.02  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                        | Meta Platforms Inc                                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    108424 | NS      | $77685796.00  | 6.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                           | Fair Isaac Corp                                            | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |     23508 | NS      | $34396200.36  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co             | Hewlett Packard Enterprise Co                              | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    895890 | NS      | $19279552.80  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                    | Intuitive Surgical Inc                                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     18756 | NS      | $9457150.32   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Klaviyo Inc                               | Klaviyo Inc                                                | CUSIP: 49845K101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    477497 | NS      | $10605208.37  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                         | Lam Research Corp                                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    116579 | NS      | $27216533.34  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc             | Live Nation Entertainment Inc                              | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |    239022 | NS      | $34765749.90  | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc                     | Lumentum Holdings Inc                                      | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     15324 | NS      | $6004556.16   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                          | MercadoLibre Inc                                           | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      8356 | NS      | $17946933.24  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                            | Microsoft Corp                                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    169837 | NS      | $73079162.73  | 5.68%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc                              | MediaTek Inc                                               | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |    175000 | NS      | $9787098.82   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                               | Netflix Inc                                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    284550 | NS      | $23757079.50  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Netskope Inc                              | Netskope Inc                                               | CUSIP: 64119N608<br>LEI: 254900CS525VJG6KO570 | Long             | EC               | CORP              | US        |    314715 | NS      | $4673517.75   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SK hynix Inc                              | SK hynix Inc                                               | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     79378 | NS      | $50128249.27  | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo Co Ltd                           | Nintendo Co Ltd                                            | CUSIP: 000000000<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |    145100 | NS      | $9427374.64   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                               | NVIDIA Corp                                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    299732 | NS      | $57287777.16  | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                               | Oracle Corp                                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    121988 | NS      | $20076785.04  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                    | Palo Alto Networks Inc                                     | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     80175 | NS      | $14188569.75  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc                                | Reddit Inc                                                 | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |    106874 | NS      | $19266175.98  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                     | Robinhood Markets Inc                                      | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |    521694 | NS      | $51898119.12  | 4.03%             |  |  |  | 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        |  13411520 | NS      | $13411520.39  | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd                                   | Sea Ltd                                                    | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |    105637 | NS      | $12305654.13  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                           | Sony Group Corp                                            | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    811648 | NS      | $17937420.80  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                           | T-Mobile US Inc                                            | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |    100302 | NS      | $19780557.42  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd                  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    174856 | NS      | $57800399.36  | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                     | Uber Technologies Inc                                      | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    121699 | NS      | $9742004.95   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc                 | Warner Bros Discovery Inc                                  | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |    470662 | NS      | $12962031.48  | 1.01%             |  |  |  | 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      |
| 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      |
| SUPERHUMAN PLATFORM INC                   | SUPERHUMAN PLATFORM INC                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1456020 | NS      | $19073862.00  | 1.48%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SUPERHUMAN PLATFORM INC                   | SUPERHUMAN PLATFORM INC                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    451510 | NS      | $11558656.00  | 0.90%             |  |  |  | Yes           |                  3 | 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      |
| FABLETICS SERIES G PFD STOCK              | FABLETICS SERIES G PFD STOCK                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     14659 | NS      | $21574236.66  | 1.68%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARCTIC WOLF NETWORKS INC COMMO            | ARCTIC WOLF NETWORKS INC COMMO                             | CUSIP: 000000000<br>LEI: 2549001T8WPNRLVUS925 | Long             | EC               | CORP              | US        |   1727273 | NS      | $19967275.88  | 1.55%             |  |  |  | Yes           |                  3 | 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      |
| 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      |
| 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      |
| CYBEREASON SERIES H                       | CYBEREASON SERIES H                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    149962 | NS      | $260551.48    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Western Digital Corp                      | Western Digital Corp                                       | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |    130243 | NS      | $32590705.89  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | MICROSOFT CORP                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -69 | NC      | $-69.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | NVIDIA CORP                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -177 | NC      | $-177.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | MICROSOFT CORP                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -69 | NC      | $-35535.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ORACLE CORP                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -179 | NC      | $-2237.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | NETFLIX INC                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -369 | NC      | $-1291.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | TAIWAN SEMICONDUCTOR MANUFACTU                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | TW        |      -105 | NC      | $-105.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | WALT DISNEY CO/THE                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -296 | NC      | $-16872.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | NVIDIA CORP                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -182 | NC      | $-21931.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | TAIWAN SEMICONDUCTOR MANUFACTU                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | TW        |      -100 | NC      | $-100.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | AT+T INC                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |     -1385 | NC      | $-83792.50    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | NVIDIA CORP                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -177 | NC      | $-177.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | BROADCOM INC                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -97 | NC      | $-3783.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | HPE 5JA6 20.5 P FLEX OPTION                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |     -1474 | NC      | $-1474.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ROBINHOOD MARKETS INC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -285 | NC      | $-285.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | WESTERN DIGITAL CORP                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -166 | NC      | $-166.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | DEXCOM INC                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -475 | NC      | $-2375.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | DRAFTKINGS INC                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -968 | NC      | $-159720.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | DRAFTKINGS INC                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -970 | NC      | $-970.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ANALOG DEVICES INC                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -115 | NC      | $-575.00      | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | APPLE INC                                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -132 | NC      | $-18942.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | AMAZON.COM INC                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -141 | NC      | $-31302.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ATLASSIAN CORP                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -238 | NC      | $-2380.00     | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | APPLE INC                                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -128 | NC      | $-128.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | REDDIT INC                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -130 | NC      | $-130.00      | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | KLAVIYO INC                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |     -1201 | NC      | $-231192.50   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | DOORDASH INC                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -155 | NC      | $-930.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | SPOTIFY TECHNOLOGY SA                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | LU        |       -63 | NC      | $-21262.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | META PLATFORMS INC                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -53 | NC      | $-821.50      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | NETSKOPE INC                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |     -2134 | NC      | $-16005.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | APPLOVIN CORP                                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -57 | NC      | $-50730.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | REDDIT INC                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -144 | NC      | $-7704.00     | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | KLAVIYO INC                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |     -1338 | NC      | $-113730.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | MONDAY.COM LTD                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | IL        |      -258 | NC      | $-28380.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | APPLOVIN CORP                                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -57 | NC      | $-2992.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ASTERA LABS INC                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -175 | NC      | $-2625.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ROBINHOOD MARKETS INC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -303 | NC      | $-17271.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | LUMENTUM HOLDINGS INC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -188 | NC      | $-28200.00    | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | ROBINHOOD MARKETS INC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -302 | NC      | $-6191.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | DEXCOM INC                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -462 | NC      | $-45045.00    | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | DRAFTKINGS INC                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |     -1038 | NC      | $-5190.00     | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | REDDIT INC                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -145 | NC      | $-119987.50   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | WESTERN DIGITAL CORP                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -142 | NC      | $-7668.00     | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | WESTERN DIGITAL CORP                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -142 | NC      | $-50055.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ADVANCED MICRO DEVICES INC                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -274 | NC      | $-19728.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | AMAZON.COM INC                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -141 | NC      | $-10081.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | BROADCOM INC                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -97 | NC      | $-15665.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | AFFIRM HOLDINGS INC                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -453 | NC      | $-18799.50    | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | ADI 2FB6 265.0 P FLEX OPTION                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -110 | NC      | $-8800.00     | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | SEA LTD                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | KY        |      -273 | NC      | $-21430.50    | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | AFFIRM HOLDINGS INC                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -453 | NC      | $-111438.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | MICROSOFT CORP                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -72 | NC      | $-4680.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ALIBABA GROUP HOLDING LTD                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | KY        |      -200 | NC      | $-9300.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | CREDO TECHNOLOGY GROUP HOLDING                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | KY        |      -208 | NC      | $-2080.00     | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | NVIDIA CORP                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -182 | NC      | $-6006.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | UBER TECHNOLOGIES INC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -393 | NC      | $-15130.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | APPLE INC                                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -131 | NC      | $-3602.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ASML HOLDING NV                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | NL        |       -24 | NC      | $-5940.00     | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | INTUITIVE SURGICAL INC                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -62 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | T-MOBILE US INC                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -176 | NC      | $-24376.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | META PLATFORMS INC                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -54 | NC      | $-1053.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | META PLATFORMS INC                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -54 | NC      | $-96120.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | FAIR ISAAC CORP                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -22 | NC      | $-14410.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | LAM RESEARCH CORP                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -147 | NC      | $-23226.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | UBER TECHNOLOGIES INC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -393 | NC      | $-27117.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | ORACLE CORP                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -180 | NC      | $-59850.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | MERCADOLIBRE INC                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -16 | NC      | $-7040.00     | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | FAIR ISAAC CORP                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -22 | NC      | $-17930.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | CRDO 2FB6 115.0P FLEX OPTION                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -209 | NC      | $-81510.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | LAM RESEARCH CORP                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -147 | NC      | $-19110.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | MERCADOLIBRE INC                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -16 | NC      | $-37520.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | NETFLIX INC                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -369 | NC      | $-4428.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | LIVE NATION ENTERTAINMENT INC                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -229 | NC      | $-60685.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | TAIWAN SEMICONDUCTOR MANUFACTU                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | TW        |       -99 | NC      | $-6484.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | LIVE NATION ENTERTAINMENT INC                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -229 | NC      | $-10877.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | WARNER BROS DISCOVERY INC                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -10 | NC      | $-330.00      | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | DOORDASH INC                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -158 | NC      | $-21172.00    | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                       | DOORDASH INC                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -316 | NC      | $-17696.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | APPLOVIN CORP                                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       -62 | NC      | $-45260.00    | -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        |     39058 | NS      | $4893186.24   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                     | Spotify Technology SA                                      | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     44593 | NS      | $22312107.55  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.com Ltd                            | Monday.com Ltd                                             | CUSIP: 000000000<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |    121310 | NS      | $13920322.50  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Ltd                   | Tower Semiconductor Ltd                                    | CUSIP: 000000000<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |    104160 | NS      | $14033476.80  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                           | ASML Holding NV                                            | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     15799 | NS      | $22481977.00  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

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

**Signature:** John McGovern

**Name of Signer:** John McGovern

**Title:** Treasurer