"Current 'Bubble Fear' Presents the Best Opportunity We've Seen in Years: Consider These 6%+ Dividends"
Economic Outlook: The economy is experiencing strong growth, with a 4% annualized increase reported by the Atlanta Fed's GDPNow indicator, despite fears of an AI bubble causing panic among mainstream investors.
Investment Strategy: Closed-end funds (CEFs) are highlighted as attractive investment opportunities due to their potential for higher returns and discounts, especially in a market where individual investors are more active than institutional players.
Top CEF Picks: The Gabelli Dividend & Income Trust (GDV) is recommended for its strong performance and potential for double-digit gains, while the Neuberger Berman Next Generation Connectivity Fund (NBXG) is noted for its high dividend yield and tech focus.
Market Timing: An 11%-paying fund is identified as a prime buying opportunity due to its current discount, with expectations that demand will increase as interest rates fall in the future.
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- Distribution Announcement: Neuberger Next Generation Connectivity Fund has declared a distribution of $0.12 per share of common stock, payable on July 31, 2026, with a record and ex-date of July 15, 2026, which aims to enhance investor confidence and attract more capital inflows through its stable distribution policy.
- Source of Distribution: The distribution may consist of net investment income, realized capital gains, and return of capital, indicating the Fund's flexibility in maintaining stable distributions while reminding investors that future distributions may vary in their sources.
- Investment Management Background: Founded in 1939, Neuberger manages approximately $567 billion in assets across equities, fixed income, private markets, and more, showcasing its strong presence and influence in the global investment management industry.
- Industry Recognition: The firm was named Best Asset Manager for Institutional Investors in the US and Best Place to Work in Money Management in 2025, reflecting its strong reputation and commitment to both clients and employees, further solidifying its market position.
- Earnings Growth Potential: The Iran deal may lead to a continued decline in oil prices, which would lower inflation and interest rates, creating more upside for closed-end funds (CEFs) that currently yield over 8%.
- Strong Tech Performance: The Neuberger Berman Next Generation Connectivity Fund (NBXG), a recent addition to the portfolio, holds top tech names like NVIDIA and Amazon, and despite trading at a 14.4% discount, it offers a rich 8.7% dividend, highlighting its potential in the AI growth sector.
- Corporate Earnings Surge: According to FactSet, the S&P 500's earnings growth rate stands at 28.8% year-over-year, with sales rising 11.8%, indicating that consumer spending is not only stable but growing, providing a solid foundation for further stock gains.
- Market Valuation Analysis: Although the S&P 500's P/E ratio is at 28.1, significantly above the historical average of 16.2, the rapid earnings growth suggests that valuations for high-profit companies should rise, especially as AI enhances efficiency and profit margins are increasing.

- Distribution Announcement: Neuberger Next Generation Connectivity Fund has declared a distribution of $0.12 per share of common stock, payable on June 30, 2026, with a record and ex-date of June 15, indicating the Fund's commitment to stable distributions.
- Distribution Policy: Under its level distribution policy, the Fund anticipates making regular monthly distributions of $0.12 per share, subject to market conditions, although future amounts may vary, reflecting the Fund's reliance on income stability.
- Income Source Uncertainty: The Fund's ability to maintain its distribution rate will depend on various factors, including the stability of investment income, availability of capital gains, and other fees, indicating potential risks for investors regarding distribution reliability.
- Management Background: Founded in 1939, Neuberger manages approximately $567 billion in assets, showcasing its strength and influence in the global investment management sector while emphasizing its commitment to both clients and employees.
- Complete Exit: On May 12, 2026, Thomas J. Herzfeld Advisors announced the complete liquidation of its position in the Neuberger Next Generation Connectivity Fund, with an estimated transaction value of $5.65 million, reflecting concerns over the fund's volatility.
- Shareholding Changes: The sale involved 412,390 shares, resulting in a $5.95 million decline in the fund's quarter-end value, highlighting the sharp shifts in market sentiment towards tech stocks.
- Portfolio Overview: Post-sale, the fund's top holdings include FSSL ($35.14 million) and PDX ($27.65 million), indicating a strategic shift towards more stable income-generating assets.
- Market Environment Impact: Despite solid performance over the past year, management acknowledged the complex macro backdrop, including Middle East conflicts and rising oil prices, which have eroded investor confidence in the fund.

- Distribution Announcement: Neuberger Next Generation Connectivity Fund has declared a distribution of $0.12 per share of common stock, payable on May 29, 2026, with a record and ex-date of May 15, indicating the Fund's commitment to stable returns.
- Distribution Policy: Under its level distribution policy, the Fund anticipates making regular monthly distributions of $0.12 per share, although future amounts may vary based on fluctuations in investment income and capital gains.
- Income Source Uncertainty: The Fund's ability to maintain its distribution rate will depend on various factors, including the stability of income from investments, availability of capital gains, and other fees, with future distributions potentially consisting of net investment income, realized capital gains, and return of capital.
- Company Background: Founded in 1939, Neuberger manages approximately $567 billion in assets, emphasizing active management and fundamental research, and has been recognized as the Best Asset Manager for Institutional Investors in the US, highlighting its leadership and commitment to clients.

- Distribution Announcement: Neuberger Next Generation Connectivity Fund has declared a distribution of $0.12 per share of common stock, payable on April 30, 2026, with a record and ex-date of April 15, 2026, reflecting the Fund's ongoing commitment to stable distributions.
- Distribution Policy: Under its level distribution policy, the Fund anticipates making regular monthly distributions of $0.12, although future amounts may be influenced by market conditions, indicating the Fund's adaptability to market fluctuations.
- Income Source Uncertainty: The Fund's ability to maintain its distribution rate will depend on the stability of income from investments, availability of capital gains, and other fees, suggesting that future distributions may consist of net investment income, realized capital gains, and return of capital, which heightens investor risk awareness.
- Company Background: Founded in 1939, Neuberger manages $563 billion in assets with approximately 3,000 employees, showcasing its strong position in the global investment management sector and commitment to both clients and employees.







