NBXG filed its Form N-CEN annual report as a registered investment company, providing census-style information on its structure and key service providers. The form lists directors, the chief compliance officer, investment advisers, transfer agents, pricing services, custodians, shareholder servicing agents, brokers, and affiliated broker-dealers.
For the reporting period, the fund reports aggregate brokerage commissions paid of 872,752.46000000. It also discloses principal transactions with several dealers, including total value of purchases and sales (excluding maturing securities) of 1,239,219,804.64000000 and 530,969,399.04000000 with specific counterparties, and notes 0.00000000 in total commissions paid to an affiliated broker-dealer.
Neuberger Next Generation Connectivity Fund Inc. reports strong results for the year ended October 31, 2025, with a 30.78% total return on NAV, ahead of the 22.64% return of its MSCI All Country World Index (Net) benchmark. Market-price total return was 33.17% over the same period.
The Fund focuses on “NextGen” connectivity names, with about 48.3% of net assets in information technology and 21.0% in communication services. Net assets applicable to common stockholders were $1,366.3 million, or $17.35 per share, with the portfolio heavily U.S.-weighted but invested globally.
For the year, the Fund generated net realized and unrealized gains on investments of $328.2 million, while net investment income was a loss of $6.9 million. It paid total distributions of $1.22 per share, all treated as return of capital for tax purposes, and in September 2025 increased its regular monthly distribution from $0.10 to $0.12 per share. Private and other Level 3 investments represented about 10.6% of net assets, and the Fund continued to use an options-writing strategy to generate option premium income.