The Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) is an actively managed, closed-end fund dedicated to investing in companies driving the evolution of global connectivity infrastructure. Launched in February 2024 by Neuberger Berman, NBXG seeks total return by building a diversified portfolio of equity and equity-related securities in firms involved in 5G networks, fiber-optic systems, satellite communications, data centers, cloud computing, and other emerging technologies that support faster and more reliable digital connections.
Under its investment strategy, NBXG allocates capital across hardware and software providers, telecommunications carriers, semiconductor manufacturers, and equipment suppliers that benefit from the rollout and expansion of next-generation networks. The fund may hold both established industry leaders and smaller, high-growth companies, using fundamental research and sector analysis to identify businesses poised to capitalize on trends such as network densification, edge computing, and the proliferation of the Internet of Things (IoT).
With a global mandate, NBXG combines U.S.-listed companies with selections from Europe, Asia and other regions to capture innovation hubs and growth markets in both developed and emerging economies. Geographic diversification aims to balance opportunities across different markets while managing regional risks. The portfolio construction process employs Neuberger Berman’s risk management framework and research capabilities to refine position sizing and sector exposures as market conditions evolve.
NBXG is overseen by a dedicated connectivity team within Neuberger Berman, an independent, employee-owned investment manager founded in 1939. Leveraging decades of experience and a research-driven approach, the team conducts in-depth company-level due diligence and thematic analysis to navigate the complex landscape of connectivity technologies. The fund distributes income to shareholders on a monthly basis, offering investors the potential for regular cash flow alongside long-term capital appreciation.
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