Neuberger Berman Next Generation Connectivity Fund Inc.: insider trades · United States · SEC (Form 4)

About Neuberger Berman Next Generation Connectivity Fund Inc.

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) is a U.S.-listed closed-end investment company structured as a non-diversified, limited-term management investment company. For European investors, it is best understood as a thematic listed fund rather than an operating technology company: NBXG is a capital-markets vehicle designed to capture long-term growth opportunities tied to next-generation connectivity. The fund was organized in Maryland on February 3, 2021, began operations in May 2021, and listed on the NYSE through its initial public offering in the United States. It is managed under the Neuberger Berman platform, a private, independent, employee-owned investment manager founded in 1939 in New York. NBXG’s investment mandate focuses on equity securities issued by U.S. and non-U.S. companies, across all market capitalizations, that the portfolio managers believe have meaningful growth potential from the development, advancement, use, or sale of products, processes, or services related to 5G mobile networks and future generations of mobile connectivity and technology. In practical terms, the strategy can invest across a broad ecosystem: network infrastructure, communications equipment, components, software, digital services, and companies that benefit from the build-out of connectivity. This makes the fund a thematic specialist, distinct from broad global equity funds, and potentially attractive to investors seeking exposure to secular digital-infrastructure trends. From a competitive standpoint, NBXG sits in the niche of listed closed-end thematic income and growth funds. Its investment case rests on three pillars: a focused thematic mandate, the global research and portfolio-management resources of Neuberger Berman, and the flexibility of a closed-end structure. Like many closed-end funds, its shares may trade at a premium or discount to NAV, which is an important consideration for investors assessing entry points and income sustainability. The fund also emphasizes regular distributions, which are central to its market positioning. In September 2025, the manager increased the monthly distribution to $0.12 per share, up from $0.10, reflecting a stronger income profile and management’s effort to support investor appeal. Geographically, NBXG is a U.S. product listed on the NYSE, but its underlying portfolio is global in scope. The fund can invest in companies from the United States and abroad, giving it exposure to worldwide next-generation connectivity supply chains and beneficiaries. For francophone investors, NBXG is therefore a U.S.-listed thematic closed-end fund with international reach, anchored by a long-established asset manager and focused on a structural digital-connectivity theme.