The Neuberger Berman Next Generation Connectivity Fund offers exposure to the tech and communications sectors, with a focus on network connectivity and AI themes. NBXG has shown improved recent performance. The fund's 12%+ discount, activist involvement from Saba Capital, and strong Quant Profitability Grades for top holdings make it attractive.
Neuberger Berman Next Generation Connectivity Fund Inc went public in May 2021, and had poor performance in 2022. The fund's top ten holdings shifted from high-growth companies with very high valuations to more mainstream larger-cap technology issues by May 31, 2024. Despite poor 3-year performance, recent improvements, activist involvement, and potential discount narrowing make NBXG worth considering for exposure to the tech and communications sectors.