Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG)
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NBXG: AI Capital Investment Cycle Will Persist, Driving Growth In The Portfolio
Neuberger Next Gen Connectivity Fund is rated "Buy," leveraging AI-driven growth in semiconductors, storage, and connectivity sectors. NBXG's portfolio is heavily weighted toward AI, with 29% in semiconductors and 13.2% in technology hardware, aligning with the expanding AI data center investment cycle. NBXG trades at a -12.02% discount to NAV, offers a 9.97% yield, and derives most distributions from long-term capital gains.
NBXG: Everything Checks Out Except The Timing
Neuberger Next Gen Connectivity Fund earns a Hold rating, reflecting a pivot from connectivity to AI hardware supply chain exposure. NBXG's ~10% yield is supported mainly by portfolio gains, not option income, with a thin, agile option layer covering ~14.5% of assets. The portfolio's top holdings are concentrated in AI infrastructure and memory, making NBXG sensitive to capex cycles and multiple compressions.
An 8.7% Tech Dividend The Crowd Is Missing As Stocks Soar
This Iran deal adds one more tailwind to our (already surging) 8%+ paying closed-end funds (CEFs).
Neuberger Berman Next Generation Connectivity Fund Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 10,695 | $102,048.75 | $163,098.75 | $61,050 | 59.82% |
 Daniel L. Lippincott Karpus Management Inc. | 2.98M | $31.85M | $44.3M | $12.45M | 39.1% |
 Bulldog Investors Bulldog Investors LLP | 1.17M | $14.31M | $17.43M | $3.11M | 21.74% |
 Jennifer Grunberg Allspring Global Investments Holdings LLC | 283,289 | $3.77M | $4.27M | $498,642.97 | 13.23% |
| KMT Kirk M. Tokheim Ameritas Advisory Services LLC | 7,530 | $122,437.8 | $113,401.8 | -$9,036 | -7.38% |
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Neuberger Berman Next Generation Connectivity Fund Inc. Profile
| NYSE Exchange | US Country |
Overview
The Neuberger Berman Next Generation Connectivity Fund is an innovative investment fund dedicated to the burgeoning sector of connectivity technologies. Managed by Neuberger Berman, an esteemed investment management company, this fund seeks to harness the transformative power of next-generation connectivity by investing in leading companies within the telecommunications, technology, and consumer electronics sectors. These sectors are pivotal in the global transition toward enhanced digital connectivity, representing critical areas of growth and technological advancement. The fund's investment strategy is meticulously designed to leverage the increasing demand for advanced connectivity solutions such as 5G networks, the Internet of Things (IoT), and other significant wireless communication technologies. Through its focused investment approach, the fund aims to contribute to the acceleration of digital transformation and connectivity infrastructure, positioning itself as a key player in advancing global connectivity trends.
Products and Services
Neuberger Berman Next Generation Connectivity Fund offers a range of investment opportunities concentrated on propelling the future of connectivity. Below are the key focus areas of the fund:
- 5G Networks: Investing in companies involved in the development, implementation, and expansion of 5G technology, which is paramount to increasing the speed, reliability, and overall efficiency of wireless networks. This sector promises to revolutionize how consumers and businesses access and utilize the internet, making it a prime area for growth and investment.
By channeling resources into this field, the fund aims to capitalize on the market's shift towards more robust and faster connectivity solutions, thus generating potential returns for its investors.
- Internet of Things (IoT) Devices: Focusing on businesses that produce or develop IoT devices, which are increasingly becoming integral to everyday life and industries due to their ability to collect, transmit, and process data in real-time.
This investment in IoT technology emphasizes the fund's commitment to supporting the ecosystem of interconnected devices, fostering the enhanced connectivity that supports various industries, including smart homes, healthcare, and urban planning.
- Wireless Communication Advancements: Targeting advancements in wireless technology beyond 5G, the fund explores companies at the forefront of creating next-level wireless communication solutions. These technologies represent the future of connectivity, promising even greater speeds, lower latency, and the capacity to connect more devices simultaneously.
By investing in cutting-edge wireless communication technologies, the fund positions itself to benefit from the continuous evolution and demand for improved connectivity, which is vital for the global adoption of new digital services and applications.
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